IperionX Limited (NASDAQ:IPX - Get Free Report) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $26.50 and last traded at $26.50, with a volume of 3245 shares changing hands. The stock had previously closed at $24.98.
Analyst Upgrades and Downgrades
Separately, B. Riley started coverage on IperionX in a report on Thursday, October 10th. They set a "buy" rating and a $30.00 price target on the stock.
View Our Latest Research Report on IperionX
IperionX Stock Up 5.1 %
The firm's 50 day simple moving average is $21.33 and its two-hundred day simple moving average is $17.07. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.
Institutional Investors Weigh In On IperionX
Several hedge funds and other institutional investors have recently modified their holdings of IPX. B. Riley Financial Inc. grew its holdings in shares of IperionX by 3.3% during the first quarter. B. Riley Financial Inc. now owns 337,762 shares of the company's stock valued at $5,036,000 after buying an additional 10,684 shares during the last quarter. EntryPoint Capital LLC bought a new position in IperionX in the 1st quarter valued at about $33,000. Finally, Ballentine Partners LLC acquired a new position in IperionX during the 3rd quarter valued at about $529,000. Institutional investors own 2.76% of the company's stock.
IperionX Company Profile
(
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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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