Ballentine Partners LLC Invests $529,000 in IperionX Limited (NASDAQ:IPX)

Ballentine Partners LLC purchased a new stake in shares of IperionX Limited (NASDAQ:IPX) during the third quarter, HoldingsChannel reports. The institutional investor purchased 23,776 shares of the company’s stock, valued at approximately $529,000.

Separately, EntryPoint Capital LLC purchased a new stake in IperionX during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 2.76% of the company’s stock.

IperionX Stock Performance

Shares of NASDAQ IPX opened at $21.75 on Monday. The firm’s 50-day moving average price is $20.01 and its 200-day moving average price is $16.40. IperionX Limited has a 52-week low of $7.63 and a 52-week high of $25.50. The company has a quick ratio of 13.61, a current ratio of 13.62 and a debt-to-equity ratio of 0.02.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on IperionX in a research note on Thursday, October 10th. They issued a “buy” rating and a $30.00 price target for the company.

IperionX 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.