Shares of IperionX Limited (NASDAQ:IPX – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $19.50, but opened at $21.30. IperionX shares last traded at $21.10, with a volume of 16,990 shares trading hands.
IperionX Trading Up 14.2 %
The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The company’s fifty day simple moving average is $20.31 and its 200-day simple moving average is $24.64.
Institutional Trading of IperionX
Several hedge funds and other institutional investors have recently bought and sold shares of IPX. Thomist Capital Management LP purchased a new position in IperionX in the fourth quarter valued at about $32,305,000. Stifel Financial Corp raised its stake in shares of IperionX by 27.9% during the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock worth $30,968,000 after acquiring an additional 196,558 shares in the last quarter. Sowell Financial Services LLC purchased a new position in IperionX in the fourth quarter worth $1,597,000. Jane Street Group LLC boosted its position in shares of IperionX by 134.2% in the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock worth $591,000 after purchasing an additional 15,202 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock worth $832,000 after buying an additional 3,293 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.
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