IperionX (NASDAQ:IPX) Trading Down 2% – Should You Sell?

IperionX Limited (NASDAQ:IPX)’s stock price fell 2% on Monday . The stock traded as low as $19.86 and last traded at $19.79. 4,733 shares were traded during trading, a decline of 88% from the average session volume of 40,192 shares. The stock had previously closed at $20.20.

IperionX Price Performance

The company has a current ratio of 13.62, a quick ratio of 13.61 and a debt-to-equity ratio of 0.02. The firm’s 50-day simple moving average is $24.79 and its 200 day simple moving average is $25.16.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of IPX. Thomist Capital Management LP bought a new position in IperionX during the 4th quarter worth $32,305,000. Stifel Financial Corp grew its holdings in IperionX by 27.9% during the 4th 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 acquired a new stake in IperionX in the fourth quarter worth $1,597,000. Jane Street Group LLC increased its holdings in shares of IperionX by 134.2% during the third quarter. Jane Street Group LLC now owns 26,528 shares of the company’s stock valued at $591,000 after acquiring an additional 15,202 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in IperionX by 15.8% during 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 last quarter. 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.