IperionX Limited (NASDAQ:IPX – Get Free Report) shares were down 6.8% during mid-day trading on Friday . The stock traded as low as $19.63 and last traded at $19.89. Approximately 42,432 shares were traded during trading, a decline of 40% from the average daily volume of 71,064 shares. The stock had previously closed at $21.34.
IperionX Stock Performance
The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The firm has a fifty day moving average of $27.53 and a 200-day moving average of $24.89.
Institutional Trading of IperionX
Several institutional investors and hedge funds have recently bought and sold shares of IPX. Symmetry Peak Management LLC bought a new stake in IperionX in the third quarter valued at approximately $228,000. Stifel Financial Corp raised its stake in IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after buying an additional 179,650 shares during the period. Jane Street Group LLC raised its stake in IperionX by 134.2% in the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after buying an additional 15,202 shares during the period. Tidal Investments LLC bought a new stake in IperionX in the third quarter valued at approximately $368,000. Finally, Atlantic Union Bankshares Corp bought a new stake in IperionX in the fourth quarter valued at approximately $241,000. Institutional investors own 2.76% of the company’s stock.
IperionX Company Profile
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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