Lithium ION Energy (CVE:ION) Trading 27.3% Higher – Should You Buy?
by Michael Walen · The Markets DailyLithium ION Energy Ltd. (CVE:ION – Get Free Report) shares shot up 27.3% during mid-day trading on Friday . The stock traded as high as C$0.07 and last traded at C$0.07. 127,052 shares traded hands during trading, an increase of 229% from the average session volume of 38,619 shares. The stock had previously closed at C$0.06.
Lithium ION Energy Price Performance
The stock’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.06. The stock has a market cap of C$4.58 million, a P/E ratio of -1.83 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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