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

IperionX Limited (NASDAQ:IPX) shares gapped down prior to trading on Thursday . The stock had previously closed at $28.00, but opened at $26.22. IperionX shares last traded at $27.00, with a volume of 8,233 shares trading hands.

IperionX Stock Down 1.6 %

The company has a debt-to-equity ratio of 0.02, a quick ratio of 13.61 and a current ratio of 13.62. The firm’s fifty day moving average is $28.78 and its 200 day moving average is $23.73.

Institutional Trading of IperionX

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV bought a new stake in shares of IperionX during the 4th quarter worth about $602,000. Stifel Financial Corp boosted its holdings in shares of IperionX by 27.9% during the 4th quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock worth $30,968,000 after buying an additional 196,558 shares during the period. Marshall Wace LLP bought a new stake in shares of IperionX during the 4th quarter worth about $465,000. Sowell Financial Services LLC acquired a new stake in IperionX in the 4th quarter worth about $1,597,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in IperionX in the 4th quarter worth about $241,000. 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.