IperionX (NASDAQ:IPX) Stock Price Down 4.3%

IperionX Limited (NASDAQ:IPX)’s stock price dropped 4.3% during trading on Thursday . The stock traded as low as $8.98 and last traded at $9.00. Approximately 67,285 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 90,513 shares. The stock had previously closed at $9.40.

IperionX Stock Down 4.3 %

The company has a debt-to-equity ratio of 0.03, a current ratio of 7.74 and a quick ratio of 7.74. The company’s 50 day simple moving average is $8.65 and its 200 day simple moving average is $7.65.

Institutional Investors Weigh In On IperionX

A hedge fund recently bought a new stake in IperionX stock. Advisor Group Holdings Inc. acquired a new position in IperionX Limited (NASDAQ:IPX) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 225,250 shares of the company’s stock, valued at approximately $1,014,000. Advisor Group Holdings Inc. owned 1.31% of IperionX at the end of the most recent quarter. Institutional investors own 3.75% 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.