Shares of Lithium ION Energy Ltd. (CVE:ION – Get Free Report) were up 22.2% during mid-day trading on Wednesday . The stock traded as high as C$0.06 and last traded at C$0.06. Approximately 60,000 shares traded hands during trading, an increase of 72% from the average daily volume of 34,860 shares. The stock had previously closed at C$0.05.
Lithium ION Energy Price Performance
The company’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.08. The company has a market cap of C$3.60 million, a P/E ratio of -1.38 and a beta of 1.39.
About Lithium ION Energy
Lithium ION Energy Ltd. explores for and develops lithium deposits in Asia. Its flagship property is the Baavhai-Uul lithium brine project that covers an area approximately 81,758 hectares located in Mongolia. The company also holds interest in the Urgakh Naran lithium brine project that covers an area of approximately 29,770 hectares located in Dornogovi Province, Mongolia.
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