IperionX Limited (NASDAQ:IPX - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $21.03, but opened at $20.45. IperionX shares last traded at $19.96, with a volume of 4,491 shares changing hands.
IperionX Stock Down 1.2 %
The company's 50 day simple moving average is $24.79 and its two-hundred day simple moving average is $25.16. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.
Hedge Funds Weigh In On IperionX
A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC raised its position in IperionX by 134.2% in the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock valued at $591,000 after purchasing an additional 15,202 shares during the period. Sowell Financial Services LLC purchased a new stake in shares of IperionX in the 4th quarter valued at $1,597,000. Stifel Financial Corp raised its holdings in shares of IperionX by 34.3% in the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock valued at $15,671,000 after buying an additional 179,650 shares during the period. Tidal Investments LLC acquired a new position in IperionX during the 3rd quarter worth about $368,000. Finally, Atlantic Union Bankshares Corp purchased a new position in IperionX during the 4th quarter valued at about $241,000. Hedge funds and other institutional investors own 2.76% of the company's stock.
IperionX Company Profile
(
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.
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