IperionX (NASDAQ:IPX) Trading Down 2% – What’s Next?

Shares of IperionX Limited (NASDAQ:IPX) traded down 2% on Monday . The company traded as low as $19.86 and last traded at $19.79. 4,733 shares were traded during mid-day trading, a decline of 88% from the average session volume of 40,192 shares. The stock had previously closed at $20.20.

IperionX Stock Down 4.1 %

The firm has a 50 day moving average price of $24.79 and a 200 day moving average price of $25.16. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On IperionX

Several hedge funds have recently added to or reduced their stakes in the company. Atlantic Union Bankshares Corp purchased a new position in IperionX during the fourth quarter valued at approximately $241,000. Citadel Advisors LLC purchased a new position in IperionX in the fourth quarter valued at $283,000. Corigliano Investment Advisers LLC acquired a new stake in IperionX in the 4th quarter valued at $344,000. Symmetry Peak Management LLC acquired a new stake in IperionX in the 3rd quarter worth about $228,000. Finally, Marshall Wace LLP purchased a new position in shares of IperionX during the 4th quarter worth $465,000. 2.76% of the stock is currently owned by 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.