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

IperionX Limited (NASDAQ:IPX) gapped down prior to trading on Monday . The stock had previously closed at $27.97, but opened at $27.11. IperionX shares last traded at $26.06, with a volume of 21,460 shares changing hands.

IperionX Stock Down 7.2 %

The company’s 50 day simple moving average is $28.78 and its two-hundred day simple moving average is $24.34. The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62.

Institutional Trading of IperionX

Institutional investors have recently added to or reduced their stakes in the stock. Symmetry Peak Management LLC purchased a new position in IperionX during the 3rd quarter valued at about $228,000. Atlantic Union Bankshares Corp acquired a new stake in shares of IperionX during the fourth quarter worth about $241,000. Citadel Advisors LLC purchased a new position in shares of IperionX in the fourth quarter valued at approximately $283,000. Corigliano Investment Advisers LLC acquired a new position in shares of IperionX in the fourth quarter valued at approximately $344,000. Finally, Tidal Investments LLC purchased a new stake in IperionX during the 3rd quarter worth approximately $368,000. Institutional investors and hedge funds 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.