Corporate News – Iondrive Limited
Iondrive Limited (ION.AX) closed the trading session on Wednesday, 21 October 2026, at an index‑adjusted price of AUD 0.09, reflecting a 2.11 % increase during the 24‑hour period ending at 03:25 PM Central Europe. The company’s market capitalisation stands at AUD 124.4 million, with a circulating supply of 1.3 billion shares. In the preceding 24 hours, approximately AUD 45.5 k of Iondrive shares were exchanged.
Since the end of the previous month, the share price has fallen 30.71 %. The 200‑day simple moving average is AUD 0.05. The highest price reached in the last 52 weeks was AUD 0.16 on 9 September 2026, while the lowest price was AUD 0.02 on 23 March 2026.
Recent Corporate Governance Disclosure
On 21 October 2026, Iondrive released comprehensive corporate governance documentation to comply with Australian Securities Exchange (ASX) Listing Rules. The submission included:
- Appendix 4G and a corporate governance statement.
- Details on board composition, independent director status, and key committees (nomination, audit, remuneration).
- Governance policies covering code of conduct, whistleblower procedures, anti‑bribery and corruption measures, and anti‑discrimination commitments.
- Confirmation of an internal audit function and a risk management framework addressing environmental and social exposures.
- Continuous disclosure compliance policy and investor‑relations programme.
- Procedures to facilitate security holder participation.
The statement notes adherence to the majority of the ASX Corporate Governance Council recommendations, with a brief reference to the audit committee size relative to the company’s scale.
24‑Hour Trading Activity of Peer Companies
| Company | Ticker | 24‑Hour Change | Current Price (AUD) | Market Capitalisation (AUD) |
|---|---|---|---|---|
| Emvision Medical Devices | EMV.AX | +0.32 % | 1.58 | 145.5 m |
| Atomic Eagle | AEU.AX | –4 % | 0.37 | 147.5 m |
| Finder Energy | FDR.AX | +1.89 % | 0.27 | 146.9 m |
| Paradigm Biopharmaceuticals | PAR.AX | –2 % | 0.25 | 146.8 m |
| Strickland Metals | STK.AX | –1.79 % | 0.05 | 147.9 m |
Additional note: Strickland Metals’ price‑earnings ratio is 62.14.
Company Profile
Iondrive Limited is headquartered in Norwood, Australia. The firm specialises in energy‑storage solutions, focusing on the replacement and improvement of lithium‑ion batteries to support carbon‑zero emissions and the transition away from fossil fuels. Iondrive serves a domestic customer base within Australia. More information about its products and services is available on its website, www.iondrive.com.au . The company is listed on the ASX All Markets and conducted its initial public offering on 21 April 2005.