IperionX (NASDAQ:IPX) Sees Strong Trading Volume - Here's What Happened

IperionX Limited (NASDAQ:IPX - Get Free Report) shares saw an uptick in trading volume on Monday . 51,509 shares changed hands during mid-day trading, an increase of 0% from the previous session's volume of 51,471 shares.The stock last traded at $29.74 and had previously closed at $25.96.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on IPX. B. Riley lowered their price objective on IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research report on Tuesday, April 22nd. Wall Street Zen upgraded IperionX from a "sell" rating to a "hold" rating in a report on Friday, June 6th.

IperionX Trading Up 13.4%

The business's 50 day moving average price is $22.05 and its 200-day moving average price is $24.35. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Thomist Capital Management LP acquired a new stake in shares of IperionX during the fourth quarter worth about $32,305,000. Stifel Financial Corp grew its holdings in shares of IperionX by 27.9% in the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock valued at $30,968,000 after purchasing an additional 196,558 shares in the last quarter. Sowell Financial Services LLC purchased a new stake in IperionX during the 4th quarter worth approximately $1,597,000. OLD Mission Capital LLC acquired a new stake in IperionX during the 1st quarter worth approximately $477,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in IperionX during the 4th quarter worth approximately $602,000. 2.76% of the stock is currently owned by hedge funds and other institutional investors.

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.