IperionX (NASDAQ:IPX) Shares Gap Down – Time to Sell?

IperionX Limited (NASDAQ:IPX)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $28.00, but opened at $26.22. IperionX shares last traded at $27.00, with a volume of 8,233 shares trading hands.

IperionX Stock Performance

The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The company has a 50 day moving average price of $28.93 and a 200-day moving average price of $23.63.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Symmetry Peak Management LLC bought a new position in shares of IperionX in the third quarter worth about $228,000. Atlantic Union Bankshares Corp bought a new position in IperionX in the 4th quarter valued at approximately $241,000. Tidal Investments LLC bought a new position in IperionX in the 3rd quarter valued at approximately $368,000. Ballentine Partners LLC acquired a new stake in IperionX in the third quarter valued at approximately $529,000. Finally, Jane Street Group LLC grew its stake in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after buying an additional 15,202 shares during the last quarter. Institutional investors own 2.76% of the company’s stock.

About IperionX

IperionX’s mission is to be the leading developer of low carbon, sustainable, critical material supply chains focused on advanced industries including space, aerospace, electric vehicles and 3D printing. IperionX’s breakthrough titanium technologies have demonstrated the potential to produce titanium products that are sustainable, 100% recyclable, have low carbon intensity and to do so at product qualities that meet or exceed current industry standards.