IperionX (NASDAQ:IPX) Shares Gap Down - What's Next?

IperionX Limited (NASDAQ:IPX - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $19.40, but opened at $18.72. IperionX shares last traded at $18.51, with a volume of 10,388 shares traded.

IperionX Stock Up 0.3 %

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's 50-day moving average is $23.85 and its 200-day moving average is $25.19.

Hedge Funds Weigh In On IperionX

A number of large investors have recently modified their holdings of the company. Thomist Capital Management LP bought a new position in IperionX during the fourth quarter valued at approximately $32,305,000. Corigliano Investment Advisers LLC purchased a new position in IperionX in the 4th quarter worth $344,000. Citadel Advisors LLC bought a new stake in IperionX in the fourth quarter worth $283,000. Bank of America Corp DE grew its stake in shares of IperionX by 15.8% during the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after buying an additional 3,293 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of IperionX in the fourth quarter worth about $602,000. 2.76% of the stock is owned by hedge funds and other 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.