Shares of IperionX Limited (NASDAQ:IPX - Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $27.08, but opened at $28.34. IperionX shares last traded at $28.43, with a volume of 4,115 shares trading hands.
Analyst Ratings Changes
IPX has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of IperionX from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. B. Riley dropped their price target on shares of IperionX from $30.00 to $28.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd.
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IperionX Price Performance
The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $21.19 and its two-hundred day moving average is $24.45.
Institutional Trading of IperionX
A number of hedge funds and other institutional investors have recently modified their holdings of the business. GAMMA Investing LLC raised 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 purchasing an additional 1,816 shares during the period. Atlantic Union Bankshares Corp acquired a new stake in IperionX during the fourth quarter valued at approximately $241,000. Citadel Advisors LLC bought a new stake in shares of IperionX during the 4th quarter worth $283,000. Corigliano Investment Advisers LLC purchased a new position in IperionX in the 4th quarter worth about $344,000. Finally, Marshall Wace LLP acquired a new stake in shares of IperionX during the fourth quarter valued at approximately $465,000. 2.76% of the stock is owned by hedge funds and other institutional investors.
IperionX Company Profile
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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.
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