IperionX Limited (NASDAQ:IPX - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $19.50, but opened at $21.30. IperionX shares last traded at $21.10, with a volume of 16,990 shares trading hands.
Wall Street Analyst Weigh In
Separately, B. Riley dropped their price objective on shares of IperionX from $30.00 to $28.00 and set a "buy" rating on the stock in a report on Tuesday, April 22nd.
Read Our Latest Stock Report on IperionX
IperionX Stock Performance
The business has a fifty day moving average of $19.83 and a 200-day moving average of $24.55. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.
Hedge Funds Weigh In On IperionX
Hedge funds have recently bought and sold shares of the company. Thomist Capital Management LP purchased a new stake in shares of IperionX in the fourth quarter worth $32,305,000. Stifel Financial Corp increased its holdings in shares of IperionX by 27.9% in the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company's stock worth $30,968,000 after buying an additional 196,558 shares during the last quarter. Sowell Financial Services LLC purchased a new position in IperionX in the fourth quarter worth $1,597,000. Jane Street Group LLC raised its position in IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company's stock valued at $591,000 after purchasing an additional 15,202 shares in the last quarter. Finally, Bank of America Corp DE increased its position in shares of IperionX by 15.8% during the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company's stock valued at $832,000 after purchasing an additional 3,293 shares during the last quarter. Hedge funds and other 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.
Further Reading
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