Lithium ION Energy (CVE:ION) Shares Up 25% – Time to Buy?

Shares of Lithium ION Energy Ltd. (CVE:IONGet Free Report) rose 25% during trading on Tuesday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 194,000 shares traded hands during trading, an increase of 392% from the average daily volume of 39,438 shares. The stock had previously closed at C$0.04.

Lithium ION Energy Price Performance

The stock has a market capitalization of C$3.27 million, a price-to-earnings ratio of -1.67 and a beta of 1.45. The business has a fifty day moving average of C$0.05 and a 200 day moving average of C$0.05.

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.

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