Lithium ION Energy (CVE:ION) Trading 22.2% Higher – Here’s Why

Lithium ION Energy Ltd. (CVE:ION)’s share price shot 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. 1,475,783 shares changed hands during mid-day trading, an increase of 1,924% from the average session volume of 72,930 shares. The stock had previously closed at C$0.05.

Lithium ION Energy Price Performance

The stock has a market capitalization of C$3.60 million, a price-to-earnings ratio of -1.83 and a beta of 1.45. The stock has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.04.

Lithium ION Energy Company Profile

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.