IperionX (NASDAQ:IPX) Sees Large Volume Increase - What's Next?

IperionX Limited (NASDAQ:IPX - Get Free Report) shares saw unusually-strong trading volume on Friday . 19,422 shares were traded during mid-day trading, a decline of 42% from the previous session's volume of 33,240 shares.The stock last traded at $34.00 and had previously closed at $31.60.

Analyst Upgrades and Downgrades

Separately, B. Riley initiated coverage on shares of IperionX in a research note on Thursday, October 10th. They set a "buy" rating and a $30.00 price target on the stock.

IperionX Price Performance

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 company's 50-day moving average is $26.20 and its 200-day moving average is $20.16.

Institutional Trading of IperionX

A number of large investors have recently bought and sold shares of the stock. Tidal Investments LLC bought a new stake in IperionX during the third quarter worth about $368,000. Jane Street Group LLC boosted its holdings 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 acquiring an additional 15,202 shares in the last quarter. Stifel Financial Corp grew its position in IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after acquiring an additional 179,650 shares during the last quarter. Symmetry Peak Management LLC acquired a new stake in IperionX during the 3rd quarter valued at $228,000. Finally, Ballentine Partners LLC bought a new position in IperionX in the 3rd quarter valued at $529,000. 2.76% of the stock is currently owned by institutional investors.

IperionX Company Profile

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.