IperionX Limited (NASDAQ:IPX - Get Free Report)'s stock price rose 4.4% during mid-day trading on Friday . The company traded as high as $23.61 and last traded at $23.81. Approximately 18,352 shares changed hands during trading, a decline of 62% from the average daily volume of 48,288 shares. The stock had previously closed at $22.81.
Analyst Ratings Changes
Separately, B. Riley decreased 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.
Get Our Latest Research Report on IperionX
IperionX Stock Up 6.5%
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 stock has a fifty day moving average of $19.39 and a 200-day moving average of $24.45.
Hedge Funds Weigh In On IperionX
A number of institutional investors and hedge funds have recently made changes to their positions in IPX. GAMMA Investing LLC grew its holdings in 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 acquiring an additional 1,816 shares in the last quarter. Bank of America Corp DE lifted 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 worth $832,000 after purchasing an additional 3,293 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of IperionX during the fourth quarter worth $241,000. Citadel Advisors LLC purchased a new position in IperionX in the fourth quarter valued at $283,000. Finally, Corigliano Investment Advisers LLC purchased a new position in IperionX in the fourth quarter valued at $344,000. 2.76% of the stock is owned by institutional investors and hedge funds.
About IperionX
(
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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.
Further Reading
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