Business
Why the Ionic Rare Earths (ASX:IXR) share price hit a 5-year high today
The Ionic Rare Earths Ltd (ASX: IXR) share price was flying earlier today after the company announced a new partnership with a Chinese minerals’ explorer.
This morning, shares in the mineral exploration company were up 14.29% to hit a 5-year record of 6.8 cents each.
Since then, the Ionic share price has plunged the red, closing down 1.79%, at 5.5 cents. In comparison, the S&P/ASX All Ordinaries Index (ASX: XAO) was up 0.5%.
Let’s take a closer look at Ionic’s new partnership.
What’s driving the Ionic share price?
In today’s release, Ionic announced it had signed a non-binding Memorandum of Understanding (MOU) with Aluminium…
-
Noosa News24 hours agoQld CFMEU labels David Crisafulli’s vow to rid state of union ‘offensive and dangerous’
-
Business22 hours ago9 ASX shares including Nuix and PolyNovo dumped from ASX 200
-
Noosa News23 hours agoThree Bartender-Approved Peanut Butter Whisky Cocktails
-
Business23 hours agoGood rains mean this ASX 200 agricultural stock is tipped to deliver double-digit returns