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

IperionX Limited (NASDAQ:IPX)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $21.03, but opened at $20.45. IperionX shares last traded at $19.96, with a volume of 4,491 shares changing hands.

IperionX Trading Up 1.7 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The stock’s 50-day simple moving average is $25.02 and its 200 day simple moving average is $25.06.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Symmetry Peak Management LLC purchased a new position in shares of IperionX in the 3rd quarter valued at $228,000. Atlantic Union Bankshares Corp acquired a new stake in IperionX during the 4th quarter worth $241,000. Citadel Advisors LLC acquired a new stake in IperionX during the 4th quarter worth $283,000. Corigliano Investment Advisers LLC acquired a new stake in IperionX during the 4th quarter worth $344,000. Finally, Tidal Investments LLC acquired a new stake in IperionX during the 3rd quarter worth $368,000. 2.76% of the stock is owned by hedge funds and other institutional investors.

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.