IperionX (NASDAQ:IPX) Shares Down 6.8% – Time to Sell?

IperionX Limited (NASDAQ:IPX)’s stock price was down 6.8% during mid-day trading on Friday . The company traded as low as $19.63 and last traded at $19.89. Approximately 42,432 shares traded hands during mid-day trading, a decline of 40% from the average daily volume of 71,064 shares. The stock had previously closed at $21.34.

IperionX Stock Down 3.7 %

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 business has a 50 day simple moving average of $27.53 and a 200-day simple moving average of $24.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IPX. Symmetry Peak Management LLC acquired a new position in shares of IperionX during the third quarter worth about $228,000. Atlantic Union Bankshares Corp acquired a new position in shares of IperionX during the fourth quarter worth about $241,000. Citadel Advisors LLC acquired a new position in shares of IperionX during the fourth quarter worth about $283,000. Corigliano Investment Advisers LLC acquired a new position in shares of IperionX during the fourth quarter worth about $344,000. Finally, Tidal Investments LLC acquired a new position in shares of IperionX during the third quarter worth about $368,000. 2.76% of the stock is owned by institutional investors and hedge funds.

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.