Ballentine Partners LLC Acquires Shares of 23,776 IperionX Limited (NASDAQ:IPX)

Ballentine Partners LLC bought a new position in shares of IperionX Limited (NASDAQ:IPX - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 23,776 shares of the company's stock, valued at approximately $529,000. Ballentine Partners LLC owned about 0.09% of IperionX as of its most recent SEC filing.

Separately, B. Riley Financial Inc. boosted its position in shares of IperionX by 3.3% during the 1st quarter. B. Riley Financial Inc. now owns 337,762 shares of the company's stock valued at $5,036,000 after acquiring an additional 10,684 shares during the last quarter. 2.76% of the stock is owned by hedge funds and other institutional investors.

IperionX Stock Down 0.5 %

IPX stock traded down $0.10 during midday trading on Monday, hitting $21.65. 36,243 shares of the company's stock were exchanged, compared to its average volume of 30,635. IperionX Limited has a 1-year low of $8.40 and a 1-year high of $25.50. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The business has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $16.40.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of IperionX in a research note on Thursday, October 10th. They set a "buy" rating and a $30.00 target price on the stock.

About IperionX

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.