ION Energy – Updated Research: IONGF Price Target of USD $0.42
Zacks SCR’s Latest on ION:
Brine Aquifer Outlined Through TEM Surveys, Estimated Volume – 22.7 Billion Cubic Meters & Price Target of USD $0.42/Share.
With ION’s ongoing exploration results being shared with the market, and an inferred resource indication for our Urgakh Naran project expected by year-end, Zacks SCR has updated its ION Energy report.
They have also raised IONGF’s price target of USD $0.42/share, based on a comparative analysis of junior lithium companies, and a mid-second quartile price-to-book (P/B) ratio of 7.8.
Zacks_SCR_Research_10122022_IONGF_Ralston
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