IperionX (NASDAQ:IPX) Shares Gap Up – Time to Buy?

IperionX Limited (NASDAQ:IPXGet Free Report)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $25.99, but opened at $29.87. IperionX shares last traded at $30.25, with a volume of 19,630 shares.

IperionX Stock Up 1.0 %

The company’s fifty day moving average is $28.76 and its 200-day moving average is $24.06. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Institutional Investors Weigh In On IperionX

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPX. Ballentine Partners LLC purchased a new stake in IperionX during the 3rd quarter valued at approximately $529,000. Symmetry Peak Management LLC purchased a new stake in IperionX during the 3rd quarter valued at approximately $228,000. Stifel Financial Corp boosted its position in shares of IperionX by 34.3% during the 3rd quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after acquiring an additional 179,650 shares during the last quarter. Jane Street Group LLC boosted its position in shares of IperionX by 134.2% during the 3rd quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after acquiring an additional 15,202 shares during the last quarter. Finally, Tidal Investments LLC bought a new position in shares of IperionX during the 3rd quarter valued at approximately $368,000. 2.76% of the stock is owned by hedge funds and other institutional investors.

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.

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