Sowell Financial Services LLC Purchases New Position in IperionX Limited (NASDAQ:IPX)

Sowell Financial Services LLC acquired a new stake in shares of IperionX Limited (NASDAQ:IPX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 46,421 shares of the company's stock, valued at approximately $1,597,000. Sowell Financial Services LLC owned about 0.15% of IperionX at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Stifel Financial Corp increased 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 purchasing an additional 179,650 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of IperionX in the third quarter worth about $368,000. Jane Street Group LLC increased its holdings in shares of IperionX by 134.2% in the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock worth $591,000 after purchasing an additional 15,202 shares during the last quarter. Symmetry Peak Management LLC bought a new stake in shares of IperionX in the third quarter worth about $228,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of IperionX in the fourth quarter worth about $241,000. Institutional investors own 2.76% of the company's stock.

IperionX Stock Up 0.1 %

NASDAQ IPX traded up $0.01 during trading hours on Tuesday, hitting $19.86. 108,102 shares of the company were exchanged, compared to its average volume of 39,932. The stock has a 50-day moving average price of $27.17 and a 200 day moving average price of $24.98. The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. IperionX Limited has a 52 week low of $12.50 and a 52 week high of $38.93.

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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.