IperionX (NASDAQ:IPX) Shares Gap Down - Time to Sell?

Shares of IperionX Limited (NASDAQ:IPX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $22.65, but opened at $21.38. IperionX shares last traded at $21.81, with a volume of 22,082 shares.

IperionX Trading Down 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 business's fifty day simple moving average is $27.53 and its 200 day simple moving average is $24.95.

Hedge Funds Weigh In On IperionX

A number of institutional investors have recently added to or reduced their stakes in the company. Thomist Capital Management LP acquired a new stake in shares of IperionX in the 4th quarter valued at about $32,305,000. Corigliano Investment Advisers LLC acquired a new stake in shares of IperionX in the fourth quarter valued at approximately $344,000. Citadel Advisors LLC acquired a new stake in shares of IperionX in the fourth quarter valued at approximately $283,000. Bank of America Corp DE increased its stake 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 purchasing an additional 3,293 shares during the period. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of IperionX during the fourth quarter valued at approximately $602,000. Institutional investors and hedge funds own 2.76% of the company's stock.

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.