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

IperionX Limited (NASDAQ:IPX) shares gapped up prior to trading on Tuesday . The stock had previously closed at $26.40, but opened at $27.10. IperionX shares last traded at $26.93, with a volume of 2,976 shares trading hands.

IperionX Trading Up 5.6 %

The stock has a 50 day moving average of $28.93 and a two-hundred day moving average of $23.63. 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 institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp lifted its stake in shares of IperionX by 34.3% in the third quarter. Stifel Financial Corp now owns 703,679 shares of the company’s stock valued at $15,671,000 after purchasing an additional 179,650 shares during the period. Sowell Financial Services LLC purchased a new position in IperionX in the fourth quarter valued at about $1,597,000. Ballentine Partners LLC acquired a new stake in shares of IperionX during the 3rd quarter valued at approximately $529,000. Tidal Investments LLC acquired a new stake in shares of IperionX during the 3rd quarter valued at approximately $368,000. Finally, Jane Street Group LLC boosted its stake 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 worth $591,000 after acquiring an additional 15,202 shares in the last quarter. 2.76% of the stock is currently owned by hedge funds and other 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.