IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price traded up 5.1% on Wednesday . The stock traded as high as $25.03 and last traded at $25.14. 4,784 shares traded hands during trading, a decline of 92% from the average session volume of 62,260 shares. The stock had previously closed at $23.92.
Wall Street Analyst Weigh In
Separately, B. Riley assumed coverage on IperionX in a report on Thursday, October 10th. They set a "buy" rating and a $30.00 price objective on the stock.
Read Our Latest Stock Report on IPX
IperionX Trading Up 3.4 %
The company has a fifty day moving average price of $29.45 and a two-hundred day moving average price of $22.83. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02.
Hedge Funds Weigh In On IperionX
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Stifel Financial Corp lifted its position in shares of IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after buying an additional 179,650 shares during the period. Jane Street Group LLC lifted its position in shares of IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after buying an additional 15,202 shares during the period. Ballentine Partners LLC bought a new position in shares of IperionX during the 3rd quarter worth approximately $529,000. Tidal Investments LLC bought a new position in shares of IperionX during the 3rd quarter worth approximately $368,000. Finally, Symmetry Peak Management LLC bought a new position in IperionX in the 3rd quarter valued at $228,000. 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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