Lithium ION Energy (CVE:ION) Shares Up 22.2% – Should You Buy?

Lithium ION Energy Ltd. (CVE:IONGet Free Report) shares were up 22.2% during trading on Thursday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 1,390,783 shares were traded during mid-day trading, an increase of 1,857% from the average daily volume of 71,082 shares. The stock had previously closed at C$0.05.

Lithium ION Energy Stock Performance

The stock’s 50-day simple moving average is C$0.04 and its two-hundred day simple moving average is C$0.04. The stock has a market cap of C$3.60 million, a price-to-earnings ratio of -1.83 and a beta of 1.45.

Lithium ION Energy Company Profile

(Get Free Report)

Lithium ION Energy Ltd. engages in the acquisition and exploration of mineral properties in Asia. It primarily explores for lithium deposits. Its flagship property is the Baavhai-Uul lithium brine project that covers an area approximately 63,000 hectares located in Mongolia. The company was formerly known as Ion Energy Ltd.

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