Sowell Financial Services LLC Makes New Investment in IperionX Limited (NASDAQ:IPX)

Sowell Financial Services LLC acquired a new stake in shares of IperionX Limited (NASDAQ:IPX) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 46,421 shares of the company’s stock, valued at approximately $1,597,000. Sowell Financial Services LLC owned about 0.15% of IperionX at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of IperionX during the fourth quarter valued at $241,000. Tidal Investments LLC purchased a new stake in shares of IperionX during the third quarter valued at $368,000. Jane Street Group LLC grew its holdings in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after buying an additional 15,202 shares during the last quarter. Stifel Financial Corp boosted its holdings in 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 last quarter. Finally, Symmetry Peak Management LLC purchased a new stake in IperionX in the third quarter valued at $228,000. 2.76% of the stock is owned by hedge funds and other institutional investors.

IperionX Price Performance

NASDAQ:IPX opened at $19.85 on Tuesday. IperionX Limited has a one year low of $12.50 and a one year high of $38.93. 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 firm’s fifty day moving average is $27.17 and its two-hundred day moving average is $24.98.

IperionX 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.