ION
IONDRIVE FPO [ION]
Basic Materials · ASX Small Cap
$0.0210 +5.0%
Updated 26 Mar 2026 · Scores refresh every scan
Score Breakdown
Technical64
Catalyst50
Sentiment50
Fundamental81
Momentum64
Risk Gate31
Get alerts when ION's score changes
Free watchlist with daily scans for 2,200+ ASX stocks
Active Signals
Bullish Signals
- RSI drifting toward oversold territory — worth watching
- MACD momentum is picking up steam
- On a tear — up 16.7% over the last 5 days
- Lagging the Small Ords index — relative strength of 0.73, underperforming its peers
- Volatility is contracting — like a spring being compressed, breakouts often follow
- Strong cash runway (11 quarters)
- Near 52-week low (14% of range)
- Small-cap ($20-100M)
- Capital raise activity (1 events)
- CANSLIM I: Institutional ownership (19%)
- Revenue growth 1246% YoY (from results)
- Sentiment is mixed — no strong consensus either way
- Strong long-term momentum — up 52% over the past year (excluding last month)
- Altman Z-Score grey zone (1.86, low-confidence approx)
- Penny stock risk ($0.019)
- RBA hiking (-3pts)
Risk Signals
- Below the 200-day average — the long-term trend is still working against it
- Piotroski F-Score weak (3/9, low-confidence approx)
- Not enough chatter to gauge sentiment — defaulting to neutral
- The bigger volume days are the down days — volume-weighted momentum is negative (-1.44%/day)
- Overseas neutral (-1pts, S&P500 neutral, VIX 25)
Ask Scout AI about ION
3 free messages/day · Unlimited with Pro
Recent Catalysts
NONE Change in substantial holding
NONE Half Yearly Report and Accounts
NONE Appendix 4D
Recent ASX Announcements
| 2026-03-01 | Change in substantial holding |
| 2026-02-23 | Half Yearly Report and Accounts |
| 2026-02-23 | Appendix 4D |
| 2026-02-06 | Notice under Section 708A - Cleansing Notice |
| 2026-02-06 | Application for quotation of securities - ION |
Key Metrics
$24.6M
Market Cap
2.7M
Avg Volume
1.0x
Vol Ratio
$0.01 — $0.07
52-Week Range
N/A
Short Interest
N/A
Cash Runway
-81.9%
ROE
N/A
Profit Margin
CANSLIM Analysis
| Factor | Rating | Detail | |
|---|---|---|---|
| C | Current EPS | fail | EPS Growth: 0% |
| A | Annual Earnings | fail | CAGR: 0% |
| N | New Highs / Catalysts | neutral | |
| S | Supply & Demand | neutral | Float: 58% |
| L | Leader vs Laggard | laggard | RS: -11 |
| I | Institutional Sponsorship | pass | Inst: 19% |
| M | Market Direction | neutral | Neutral |
Sector: Basic Materials
Ranked #459 of 558 · Sector avg: 46
View all Basic Materials signals →Track ION and 2,200+ ASX stocks
Get free access to Scout's AI-powered dashboard with daily scans, watchlist alerts, and conviction scoring for every ASX small cap.
No credit card required