IperionX Limited (NASDAQ:IPX - Get Free Report) shares fell 6.8% during trading on Friday . The stock traded as low as $19.63 and last traded at $19.89. 42,432 shares were traded during trading, a decline of 40% from the average session volume of 71,064 shares. The stock had previously closed at $21.34.
IperionX Price 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 business's fifty day moving average is $27.17 and its two-hundred day moving average is $24.98.
Hedge Funds Weigh In On IperionX
Several large investors have recently made changes to their positions in the company. Thomist Capital Management LP acquired a new position in IperionX during the 4th quarter valued at about $32,305,000. Corigliano Investment Advisers LLC bought a new position in IperionX in the fourth quarter valued at approximately $344,000. Citadel Advisors LLC acquired a new stake in IperionX during the 4th quarter worth $283,000. Bank of America Corp DE raised its position in shares of IperionX by 15.8% during the 4th 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 last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of IperionX in the 4th quarter valued at $602,000. Institutional investors and hedge funds 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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