IperionX (NASDAQ:IPX) Reaches New 52-Week High - Still a Buy?

Shares of IperionX Limited (NASDAQ:IPX - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $24.03 and last traded at $24.03, with a volume of 1516 shares changing hands. The stock had previously closed at $22.93.

Wall Street Analyst Weigh In

Separately, ThinkEquity raised IperionX to a "strong-buy" rating in a research note on Tuesday, June 25th.

IperionX Stock Up 4.8 %

The stock has a 50 day moving average of $17.43 and a two-hundred day moving average of $15.55.

Institutional Trading of IperionX

An institutional investor recently bought a new position in IperionX stock. EntryPoint Capital LLC acquired a new position in shares of IperionX Limited (NASDAQ:IPX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,220 shares of the company's stock, valued at approximately $33,000. 2.76% of the stock is owned by institutional investors and hedge funds.

IperionX Company Profile

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.