IperionX (NASDAQ:IPX) Sees Large Volume Increase – Still a Buy?

IperionX Limited (NASDAQ:IPX) shares saw strong trading volume on Wednesday . 60,652 shares changed hands during trading, a decline of 15% from the previous session’s volume of 71,703 shares.The stock last traded at $18.65 and had previously closed at $17.21.

IperionX Stock Up 5.2 %

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 business has a 50-day moving average price of $20.61 and a 200-day moving average price of $24.66.

Institutional Trading of IperionX

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC grew its stake in shares of IperionX by 479.2% in the 1st quarter. GAMMA Investing LLC now owns 2,195 shares of the company’s stock valued at $39,000 after buying an additional 1,816 shares during the period. Atlantic Union Bankshares Corp acquired a new position in IperionX in the fourth quarter valued at approximately $241,000. Citadel Advisors LLC purchased a new position in IperionX in the fourth quarter worth approximately $283,000. Corigliano Investment Advisers LLC acquired a new stake in IperionX during the fourth quarter worth $344,000. Finally, Tidal Investments LLC acquired a new stake in IperionX during the third quarter worth $368,000. 2.76% of the stock is owned by institutional investors and hedge funds.

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.