26,506 Shares in IperionX Limited Sponsored ADR $IPX Acquired by OLD Mission Capital LLC

Key Points

• OLD Mission Capital LLC acquired 26,506 shares of IperionX Limited, valued at approximately $477,000, making it a notable new position as of the 1st quarter.
• Several institutional investors have increased or initiated stakes in IperionX, with GAMMA Investing LLC increasing its position by 479.2% during the same quarter.
• IperionX's stock opened at $46.00 with a 52-week range of $12.27 to $47.86, while analysts hold an average rating of "Buy" with a $46.00 price target.

OLD Mission Capital LLC acquired a new position in shares of IperionX Limited Sponsored ADR (NASDAQ:IPX - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 26,506 shares of the company's stock, valued at approximately $477,000. OLD Mission Capital LLC owned 0.08% of IperionX at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of IperionX by 479.2% during the 1st quarter. GAMMA Investing LLC now owns 2,195 shares of the company's stock worth $39,000 after buying an additional 1,816 shares during the last quarter. Citadel Advisors LLC bought a new position in IperionX in the fourth quarter valued at about $283,000. Corigliano Investment Advisers LLC bought a new position in IperionX in the fourth quarter valued at about $344,000. Mercer Global Advisors Inc. ADV bought a new position in IperionX in the fourth quarter valued at about $602,000. Finally, Bank of America Corp DE grew its position in IperionX by 15.8% in the fourth quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after acquiring an additional 3,293 shares during the last quarter. Institutional investors own 2.76% of the company's stock.

IperionX Price Performance

Shares of IperionX stock traded down $0.25 during midday trading on Monday, reaching $48.29. The company had a trading volume of 30,156 shares, compared to its average volume of 70,656. The stock has a fifty day moving average price of $38.11 and a 200 day moving average price of $27.61. IperionX Limited Sponsored ADR has a fifty-two week low of $12.27 and a fifty-two week high of $49.46.

Analyst Upgrades and Downgrades

IPX has been the topic of a number of recent analyst reports. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Roth Capital began coverage on IperionX in a research note on Wednesday, August 20th. They set a "buy" rating and a $64.00 price target on the stock. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $46.00.

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.