IperionX (NASDAQ:IPX) Trading Up 7.5% – Should You Buy?

Shares of IperionX Limited (NASDAQ:IPX) were up 7.5% on Wednesday . The company traded as high as $27.85 and last traded at $28.51. Approximately 16,617 shares traded hands during trading, a decline of 72% from the average daily volume of 59,826 shares. The stock had previously closed at $26.52.

IperionX Trading Up 4.4 %

The company has a debt-to-equity ratio of 0.02, a current ratio of 13.62 and a quick ratio of 13.61. The company has a 50-day moving average price of $29.00 and a 200 day moving average price of $23.52.

Hedge Funds Weigh In On IperionX

A number of institutional investors and hedge funds have recently modified their holdings of IPX. Symmetry Peak Management LLC purchased a new stake in IperionX in the third quarter worth $228,000. Atlantic Union Bankshares Corp purchased a new stake in shares of IperionX during the 4th quarter worth $241,000. Tidal Investments LLC bought a new stake in shares of IperionX in the 3rd quarter valued at about $368,000. Ballentine Partners LLC bought a new position in shares of IperionX during the 3rd quarter worth approximately $529,000. Finally, Jane Street Group LLC increased its position 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 worth $591,000 after purchasing an additional 15,202 shares in the last quarter. Hedge funds and other 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.