Markets

Iona Energy Hit Record High; No Fresh News

Iona Energy Inc (INA.V) is at a near record high of 72 cents today, after 5.88% from the close.

Shares hit a record high of 73 cents earlier.

The company announced no fresh news. Earlier this week, Iona directors approved the granting of options to purchase an aggregate of 7,420,000 common shares at a price of $0.63 per share, of which, 5,970,000 options were granted to insiders. The options will have a term of five years and time vesting provisions with 25% vesting immediately and a further 25% vesting on the first, second and third anniversaries of the date of grant.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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