IperionX (NASDAQ:IPX) Shares Gap Up - Should You Buy?

IperionX Limited (NASDAQ:IPX - Get Free Report) shares gapped up prior to trading on Tuesday . The stock had previously closed at $26.40, but opened at $27.10. IperionX shares last traded at $26.93, with a volume of 2,976 shares trading hands.

IperionX Trading Down 1.8 %

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 stock's fifty day moving average price is $28.93 and its 200-day moving average price is $23.63.

Institutional Investors Weigh In On IperionX

A number of large investors have recently added to or reduced their stakes in the business. Symmetry Peak Management LLC bought a new position in IperionX during the third quarter worth $228,000. Atlantic Union Bankshares Corp bought a new stake in shares of IperionX during the 4th quarter worth about $241,000. Tidal Investments LLC acquired a new position in IperionX in the 3rd quarter valued at about $368,000. Marshall Wace LLP bought a new position in IperionX in the 4th quarter valued at about $465,000. Finally, Ballentine Partners LLC acquired a new stake in IperionX during the third quarter worth approximately $529,000. Institutional investors 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.