IperionX (NASDAQ:IPX) Sets New 52-Week High at $21.03

IperionX Limited (NASDAQ:IPX) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $21.03 and last traded at $20.55, with a volume of 16234 shares trading hands. The stock had previously closed at $19.84.

Analyst Upgrades and Downgrades

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

IperionX Trading Up 3.5 %

The business’s fifty day moving average price is $16.28 and its 200 day moving average price is $15.11.

Hedge Funds Weigh In On IperionX

A hedge fund recently bought a new stake in IperionX stock. EntryPoint Capital LLC acquired a new position in IperionX Limited (NASDAQ:IPX) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,220 shares of the company’s stock, valued at approximately $33,000. 2.76% of the stock is owned by hedge funds and other institutional investors.

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.