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

Shares of IperionX Limited (NASDAQ:IPX) gapped down prior to trading on Wednesday . The stock had previously closed at $21.03, but opened at $20.45. IperionX shares last traded at $19.96, with a volume of 4,491 shares changing hands.

IperionX Price Performance

The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02. The company has a fifty day moving average of $25.52 and a two-hundred day moving average of $25.12.

Institutional Trading of IperionX

A number of institutional investors and hedge funds have recently modified their holdings of IPX. Symmetry Peak Management LLC bought a new position in IperionX in the 3rd quarter worth $228,000. Atlantic Union Bankshares Corp acquired a new stake in shares of IperionX in the fourth quarter valued at about $241,000. Citadel Advisors LLC bought a new position in shares of IperionX in the fourth quarter worth about $283,000. Corigliano Investment Advisers LLC acquired a new position in shares of IperionX during the 4th quarter worth about $344,000. Finally, Tidal Investments LLC bought a new stake in IperionX during the 3rd quarter valued at approximately $368,000. 2.76% of the stock is currently owned by institutional investors and hedge funds.

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.