IperionX (NASDAQ:IPX) Sets New 12-Month High at $22.50

IperionX Limited (NASDAQ:IPX) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $22.50 and last traded at $22.50, with a volume of 1890 shares traded. The stock had previously closed at $22.27.

Analysts Set New Price Targets

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

IperionX Trading Up 1.4 %

The business has a 50-day simple moving average of $16.63 and a two-hundred day simple moving average of $15.24.

Hedge Funds Weigh In On IperionX

A hedge fund recently raised its stake in IperionX stock. B. Riley Financial Inc. lifted its stake in shares of IperionX Limited (NASDAQ:IPX) by 3.3% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 337,762 shares of the company’s stock after buying an additional 10,684 shares during the quarter. IperionX comprises about 4.9% of B. Riley Financial Inc.’s portfolio, making the stock its 4th largest holding. B. Riley Financial Inc. owned approximately 1.48% of IperionX worth $5,036,000 as of its most recent filing with the SEC. 2.76% of the stock is owned by hedge funds and other institutional investors.

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.