IperionX Limited (NASDAQ:IPX - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 60,652 shares changed hands during mid-day trading, a decline of 15% from the previous session's volume of 71,703 shares.The stock last traded at $18.65 and had previously closed at $17.21.
IperionX Stock Performance
The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The company's 50 day simple moving average is $20.48 and its 200 day simple moving average is $24.65.
Institutional Investors Weigh In On IperionX
Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC increased its position in shares of IperionX by 479.2% during the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock worth $39,000 after purchasing an additional 1,816 shares in the last quarter. Thomist Capital Management LP purchased a new position in IperionX during the 4th quarter worth approximately $32,305,000. Corigliano Investment Advisers LLC acquired a new position in IperionX during the fourth quarter worth approximately $344,000. Citadel Advisors LLC purchased a new stake in IperionX in the fourth quarter valued at approximately $283,000. Finally, Bank of America Corp DE boosted its holdings in shares of IperionX by 15.8% in the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after acquiring an additional 3,293 shares during the period. 2.76% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
Before you consider IperionX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and IperionX wasn't on the list.
While IperionX currently has a Strong Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
