IperionX (NASDAQ:IPX) Shares Gap Down – Here’s What Happened

IperionX Limited (NASDAQ:IPX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $27.97, but opened at $27.11. IperionX shares last traded at $26.06, with a volume of 21,460 shares.

IperionX Price Performance

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 company has a fifty day moving average price of $28.69 and a two-hundred day moving average price of $24.51.

Institutional Investors Weigh In On IperionX

Several large investors have recently made changes to their positions in IPX. Thomist Capital Management LP bought a new stake in IperionX during the fourth quarter worth $32,305,000. Stifel Financial Corp boosted its holdings in shares of IperionX by 27.9% during the fourth quarter. Stifel Financial Corp now owns 900,237 shares of the company’s stock worth $30,968,000 after acquiring an additional 196,558 shares during the period. Sowell Financial Services LLC bought a new position in shares of IperionX during the fourth quarter worth approximately $1,597,000. Jane Street Group LLC lifted its holdings 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 purchasing an additional 15,202 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in IperionX by 15.8% in the 4th quarter. Bank of America Corp DE now owns 24,193 shares of the company’s stock valued at $832,000 after purchasing an additional 3,293 shares during the period. Institutional investors and hedge funds 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.