IperionX Limited Sponsored ADR (NASDAQ:IPX – Get Free Report) CEO Anastasios Arima bought 138,720 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was acquired at an average cost of $3.58 per share, for a total transaction of $496,617.60. Following the acquisition, the chief executive officer directly owned 12,455,502 shares of the company’s stock, valued at $44,590,697.16. The trade was a 1.13% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Anastasios Arima also recently made the following trade(s):
- On Tuesday, April 28th, Anastasios Arima purchased 110,000 shares of IperionX stock. The stock was acquired at an average price of $4.49 per share, for a total transaction of $493,900.00.
IperionX Stock Down 3.2%
Shares of NASDAQ IPX opened at $24.67 on Thursday. The company has a quick ratio of 4.00, a current ratio of 4.03 and a debt-to-equity ratio of 0.03. The business has a 50-day moving average of $33.67 and a two-hundred day moving average of $37.25. IperionX Limited Sponsored ADR has a 1 year low of $21.66 and a 1 year high of $61.45.
Institutional Trading of IperionX
Wall Street Analyst Weigh In
Several research firms recently weighed in on IPX. Alliance Global Partners restated a “buy” rating on shares of IperionX in a research note on Tuesday, April 28th. Weiss Ratings reiterated a “sell (e+)” rating on shares of IperionX in a research note on Tuesday, April 21st. Roth Capital reissued a “buy” rating on shares of IperionX in a report on Monday, June 8th. Finally, BTIG Research boosted their price objective on shares of IperionX from $40.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, June 5th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $60.33.
Read Our Latest Research Report on IPX
IperionX Company Profile
IperionX (NASDAQ: IPX) is a mineral technology company focused on the production and commercialization of high‐purity titanium and zirconium products. The company’s core activities include the development of advanced mineral sands projects and the deployment of proprietary processing technologies aimed at supplying feedstocks to aerospace, defense, additive manufacturing and battery markets.
At the heart of IperionX’s operations is the Stony Creek Project in Virginia, where the company holds significant mineral sands rights.
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