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

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

Lithium ION Energy Stock Performance

The firm has a 50-day moving average price of C$0.04 and a two-hundred day moving average price of C$0.04. The firm has a market cap of C$3.60 million, a price-to-earnings 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.

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