IperionX Limited (NASDAQ:IPX - Get Free Report)'s share price gapped up before the market opened on Friday . The stock had previously closed at $21.00, but opened at $22.00. IperionX shares last traded at $22.38, with a volume of 8,756 shares changing hands.
Analyst Ratings Changes
Separately, B. Riley began coverage on IperionX in a research report on Thursday, October 10th. They set a "buy" rating and a $30.00 target price on the stock.
Read Our Latest Stock Analysis on IPX
IperionX Price Performance
The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. The business's 50-day moving average price is $19.86 and its two-hundred day moving average price is $16.34.
Hedge Funds Weigh In On IperionX
Large investors have recently modified their holdings of the stock. EntryPoint Capital LLC bought a new position in IperionX during the 1st quarter worth approximately $33,000. Ballentine Partners LLC acquired a new stake in shares of IperionX during the 3rd quarter valued at approximately $529,000. Finally, B. Riley Financial Inc. lifted its stake in IperionX by 3.3% during the first quarter. B. Riley Financial Inc. now owns 337,762 shares of the company's stock worth $5,036,000 after purchasing an additional 10,684 shares during the last quarter. 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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