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Lithium stocks ION Energy and International Lithium plunged 25% and 40% on unexplained trading surges.
Lithium ION Energy (CVE:ION) shares dropped 25% on Tuesday, hitting a low of C$0.03, while International Lithium Corp. (CVE:ILC) shares fell 40%, reaching C$0.02, both amid sharply increased trading volumes—340% and 1,677% above average, respectively.
The declines occurred without a publicly stated cause, though both companies focus on lithium and rare metal exploration, with ION Energy targeting Mongolia’s Baavhai-Uul project and International Lithium advancing projects in Canada, Zimbabwe, and Ireland.
Financial metrics for both firms show mixed signals, with ILC reporting strong liquidity and a low beta, while ION Energy has a negative P/E ratio.
Analysts question whether the drops present buying opportunities or warn of further declines, but no definitive reasons for the sell-offs were provided.
Las existencias de litio de ION Energy e International Lithium se desplomaron un 25% y un 40% debido a las oleadas comerciales inexplicables.