IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price was up 6.1% on Monday . The company traded as high as $31.00 and last traded at $30.45. Approximately 13,555 shares traded hands during trading, a decline of 59% from the average daily volume of 32,947 shares. The stock had previously closed at $28.70.
Analyst Ratings Changes
Separately, B. Riley started coverage on IperionX in a report on Thursday, October 10th. They set a "buy" rating and a $30.00 target price for the company.
View Our Latest Stock Analysis on IperionX
IperionX Stock Performance
The company has a fifty day simple moving average of $25.77 and a 200 day simple moving average of $19.91. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Symmetry Peak Management LLC bought a new stake in shares of IperionX in the 3rd quarter valued at about $228,000. Tidal Investments LLC acquired a new position in IperionX during the 3rd quarter valued at approximately $368,000. Ballentine Partners LLC purchased a new position in IperionX in the 3rd quarter worth $529,000. Jane Street Group LLC boosted 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 buying an additional 15,202 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of IperionX by 34.3% during the third quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after purchasing an additional 179,650 shares during the last quarter. Hedge funds and other institutional investors own 2.76% of the company's stock.
About IperionX
(
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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