ThinkEquity upgraded shares of IperionX (NASDAQ:IPX – Free Report) to a strong-buy rating in a report published on Tuesday, Zacks.com reports.
IperionX Stock Performance
Shares of IPX stock opened at $13.93 on Tuesday. The company has a 50 day moving average of $14.11 and a 200-day moving average of $13.13. IperionX has a 12-month low of $6.51 and a 12-month high of $16.50.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in IperionX stock. EntryPoint Capital LLC purchased a new position in IperionX Limited (NASDAQ:IPX – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,220 shares of the company’s stock, valued at approximately $33,000. Institutional investors and hedge funds 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.
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