IperionX (NASDAQ:IPX) Sees Strong Trading Volume – What’s Next?

Shares of IperionX Limited (NASDAQ:IPX) saw strong trading volume on Thursday . 83,671 shares were traded during trading, an increase of 163% from the previous session’s volume of 31,773 shares.The stock last traded at $27.74 and had previously closed at $26.08.

Wall Street Analyst Weigh In

Separately, B. Riley initiated coverage on shares of IperionX in a report on Thursday, October 10th. They issued a “buy” rating and a $30.00 target price on the stock.

IperionX Stock Up 8.9 %

The company’s fifty day moving average is $22.35 and its 200 day moving average is $17.59. 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

Hedge funds have recently bought and sold shares of the business. EntryPoint Capital LLC purchased a new position in shares of IperionX during the first quarter valued at approximately $33,000. Ballentine Partners LLC bought a new stake in shares of IperionX during the 3rd quarter valued at $529,000. Symmetry Peak Management LLC bought a new stake in shares of IperionX during the 3rd quarter valued at $228,000. Stifel Financial Corp raised its position in shares of IperionX by 34.3% during the 3rd 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. Finally, Jane Street Group LLC raised its position 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 valued at $591,000 after purchasing an additional 15,202 shares during the period. Institutional investors own 2.76% of the company’s stock.

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.