IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $31.61 and last traded at $31.48, with a volume of 10281 shares traded. The stock had previously closed at $30.47.
Wall Street Analysts Forecast Growth
Separately, B. Riley initiated coverage on shares of IperionX in a research note on Thursday, October 10th. They issued a "buy" rating and a $30.00 target price on the stock.
Get Our Latest Stock Analysis on IPX
IperionX Stock Up 3.7 %
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 firm has a 50-day moving average price of $26.04 and a 200 day moving average price of $20.08.
Institutional Trading of IperionX
A number of institutional investors and hedge funds have recently made changes to their positions in IPX. Tidal Investments LLC acquired a new position in shares of IperionX during the third quarter valued at $368,000. Jane Street Group LLC boosted its stake in IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock valued at $591,000 after purchasing an additional 15,202 shares during the period. Stifel Financial Corp boosted its stake in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock valued at $15,671,000 after purchasing an additional 179,650 shares during the period. Symmetry Peak Management LLC bought a new position in IperionX in the 3rd quarter worth about $228,000. Finally, Ballentine Partners LLC acquired a new stake in shares of IperionX in the third quarter valued at approximately $529,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.
About IperionX
(
Get Free Report)
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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