Shares of IperionX Limited (NASDAQ:IPX - Get Free Report) shot up 7.3% on Monday . The company traded as high as $15.74 and last traded at $15.68. 16,832 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 43,199 shares. The stock had previously closed at $14.62.
IperionX Stock Performance
The company's 50 day moving average price is $20.48 and its two-hundred day moving average price is $24.64. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.
Institutional Investors Weigh In On IperionX
A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC grew its position in shares of IperionX by 479.2% during the first quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock valued at $39,000 after purchasing an additional 1,816 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in IperionX during the 4th quarter valued at approximately $241,000. Citadel Advisors LLC bought a new stake in IperionX in the 4th quarter worth approximately $283,000. Corigliano Investment Advisers LLC purchased a new stake in shares of IperionX during the 4th quarter worth approximately $344,000. Finally, Marshall Wace LLP bought a new position in shares of IperionX during the 4th quarter valued at approximately $465,000. Hedge funds and other institutional investors own 2.76% of the company's stock.
About IperionX
(
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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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