IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price dropped 7.6% during trading on Friday . The company traded as low as $29.10 and last traded at $29.10. Approximately 26,887 shares traded hands during trading, a decline of 18% from the average daily volume of 32,650 shares. The stock had previously closed at $31.50.
Wall Street Analysts Forecast Growth
Separately, B. Riley initiated coverage on IperionX in a research report on Thursday, October 10th. They issued a "buy" rating and a $30.00 price objective on the stock.
Read Our Latest Analysis on IperionX
IperionX Price Performance
The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The business's fifty day moving average is $24.71 and its 200-day moving average is $18.88.
Institutional Trading of IperionX
Several hedge funds have recently made changes to their positions in IPX. Symmetry Peak Management LLC bought a new stake in shares of IperionX in the third quarter valued at approximately $228,000. Tidal Investments LLC purchased a new position in IperionX in the 3rd quarter valued at approximately $368,000. Ballentine Partners LLC bought a new stake in IperionX during the 3rd quarter valued at $529,000. Jane Street Group LLC lifted its position in shares of IperionX by 134.2% during the third 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 in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company's stock worth $15,671,000 after acquiring an additional 179,650 shares during the period. 2.76% of the stock is currently owned by institutional investors.
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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