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

IperionX Limited (NASDAQ:IPX)’s share price 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 changing hands.

IperionX Stock Performance

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 company’s 50-day moving average price is $29.04 and its 200-day moving average price is $23.44.

Institutional Trading of IperionX

Several institutional investors have recently modified their holdings of IPX. Atlantic Union Bankshares Corp acquired a new position in IperionX in the fourth quarter valued at $241,000. Symmetry Peak Management LLC acquired a new stake in shares of IperionX during the third quarter worth about $228,000. Tidal Investments LLC purchased a new position in shares of IperionX during the third quarter worth about $368,000. Ballentine Partners LLC purchased a new stake in IperionX during the 3rd quarter valued at approximately $529,000. Finally, Jane Street Group LLC lifted its position in 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 during the period. Hedge funds and other 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.