Shares of Lithium ION Energy Ltd. (CVE:ION – Get Free Report) dropped 25% on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03. Approximately 165,000 shares changed hands during trading, an increase of 213% from the average daily volume of 52,636 shares. The stock had previously closed at C$0.04.
Lithium ION Energy Stock Performance
The firm’s 50-day moving average price is C$0.04 and its two-hundred day moving average price is C$0.05. The firm has a market cap of C$1.96 million, a PE ratio of -1.00 and a beta of 1.45.
About Lithium ION Energy
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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