IperionX (NASDAQ:IPX) Sees Unusually-High Trading Volume – Here’s What Happened

IperionX Limited (NASDAQ:IPX) shares saw unusually-strong trading volume on Friday . Approximately 19,422 shares traded hands during trading, a decline of 42% from the previous session’s volume of 33,240 shares.The stock last traded at $34.00 and had previously closed at $31.60.

Analyst Ratings Changes

Separately, B. Riley began coverage on IperionX in a research note on Thursday, October 10th. They issued a “buy” rating and a $30.00 target price for the company.

IperionX Price 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 business’s 50 day simple moving average is $26.20 and its 200 day simple moving average is $20.16.

Institutional Trading of IperionX

A number of large investors have recently bought and sold shares of the stock. Symmetry Peak Management LLC acquired a new stake in shares of IperionX in the 3rd quarter valued at $228,000. Tidal Investments LLC bought a new stake in IperionX during the third quarter worth about $368,000. Ballentine Partners LLC bought a new position in shares of IperionX in the third quarter valued at approximately $529,000. Jane Street Group LLC boosted its holdings in shares of IperionX by 134.2% in 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 in the last quarter. Finally, Stifel Financial Corp increased its holdings in 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 in the last quarter. 2.76% of the stock is currently owned by institutional investors.

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.