IperionX (NASDAQ:IPX) Shares Gap Down – Time to Sell?

IperionX Limited (NASDAQ:IPX)’s stock price 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 Price Performance

The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The stock has a fifty day moving average price of $24.21 and a 200 day moving average price of $25.13.

Institutional Inflows and Outflows

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