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

IperionX Limited (NASDAQ:IPX)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $19.40, but opened at $18.72. IperionX shares last traded at $18.51, with a volume of 10,388 shares trading hands.

IperionX Price Performance

The company has a 50 day moving average price of $23.85 and a 200-day moving average price of $25.09. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Hedge Funds Weigh In On IperionX

A number of hedge funds have recently bought and sold shares of IPX. Symmetry Peak Management LLC acquired a new position in IperionX in the third quarter valued at approximately $228,000. Atlantic Union Bankshares Corp bought a new stake in shares of IperionX in the 4th quarter valued at $241,000. Citadel Advisors LLC acquired a new position in shares of IperionX during the 4th quarter valued at $283,000. Corigliano Investment Advisers LLC bought a new position in IperionX during the fourth quarter worth $344,000. Finally, Tidal Investments LLC acquired a new stake in IperionX in the third quarter worth $368,000. 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.