IperionX (NASDAQ:IPX) Shares Gap Down – What’s Next?

IperionX Limited (NASDAQ:IPX) gapped down before the market opened on Thursday . The stock had previously closed at $19.40, but opened at $18.72. IperionX shares last traded at $18.51, with a volume of 10,388 shares traded.

IperionX Trading Down 4.6 %

The company’s 50-day moving average is $24.21 and its two-hundred day moving average is $25.13. The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61.

Institutional Trading of IperionX

A number of hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased 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 acquiring an additional 15,202 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in IperionX in the fourth quarter worth approximately $1,597,000. Stifel Financial Corp grew its position in IperionX by 34.3% during the third 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. Tidal Investments LLC purchased a new position in shares of IperionX during the third quarter worth approximately $368,000. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of IperionX in the 4th quarter worth approximately $241,000. 2.76% of the stock is 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.