IperionX (NASDAQ:IPX) Trading Up 5.6%

IperionX Limited (NASDAQ:IPX) shares shot up 5.6% on Monday . The stock traded as high as $22.32 and last traded at $22.24. 33,252 shares changed hands during trading, an increase of 12% from the average session volume of 29,786 shares. The stock had previously closed at $21.06.

Analyst Ratings Changes

Separately, ThinkEquity upgraded shares of IperionX to a “strong-buy” rating in a report on Tuesday, June 25th.

IperionX Stock Up 6.2 %

The firm’s 50 day moving average price is $16.63 and its 200-day moving average price is $15.24.

Institutional Investors Weigh In On IperionX

An institutional investor recently raised its position in IperionX stock. B. Riley Financial Inc. increased its stake in IperionX Limited (NASDAQ:IPX) by 3.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 337,762 shares of the company’s stock after acquiring an additional 10,684 shares during the period. IperionX makes up approximately 4.9% of B. Riley Financial Inc.’s investment portfolio, making the stock its 4th biggest position. B. Riley Financial Inc. owned 1.48% of IperionX worth $5,036,000 as of its most recent SEC filing. Institutional investors and hedge funds own 2.76% of the company’s stock.

IperionX Company Profile

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.