IperionX Limited (NASDAQ:IPX - Get Free Report) was down 2% during mid-day trading on Monday . The company traded as low as $19.86 and last traded at $19.79. Approximately 4,733 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 40,192 shares. The stock had previously closed at $20.20.
IperionX Stock Up 0.7 %
The company's 50-day simple moving average is $24.03 and its 200 day simple moving average is $25.09. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.
Institutional Trading of IperionX
Several hedge funds have recently added to or reduced their stakes in IPX. Jane Street Group LLC lifted its position in shares of IperionX by 134.2% in the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after acquiring an additional 15,202 shares during the period. Sowell Financial Services LLC bought a new position in IperionX in the fourth quarter worth $1,597,000. Stifel Financial Corp boosted its stake in 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 buying an additional 179,650 shares in the last quarter. Tidal Investments LLC bought a new stake in IperionX in the 3rd quarter valued at $368,000. Finally, Atlantic Union Bankshares Corp bought a new position in shares of IperionX during the 4th quarter worth about $241,000. 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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