Lithium ION Energy (CVE:ION) Stock Price Up 22.2% – Still a Buy?

Lithium ION Energy Ltd. (CVE:IONGet Free Report) shares traded up 22.2% on Friday . The stock traded as high as C$0.06 and last traded at C$0.06. 1,475,783 shares were traded during mid-day trading, an increase of 1,924% from the average session volume of 72,930 shares. The stock had previously closed at C$0.05.

Lithium ION Energy Price 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 company has a market capitalization of C$3.60 million, a P/E ratio of -1.83 and a beta of 1.45.

About Lithium ION Energy

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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.

Further Reading

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