IperionX (NASDAQ:IPX) Chairman Todd Hannigan Acquires 300,000 Shares of Stock

IperionX Limited Sponsored ADR (NASDAQ:IPX) Chairman Todd Hannigan purchased 300,000 shares of the business’s stock in a transaction that occurred on Monday, July 13th. The shares were bought at an average price of $3.59 per share, for a total transaction of $1,077,000.00. Following the completion of the purchase, the chairman directly owned 26,633,334 shares in the company, valued at $95,613,669.06. This represents a 1.14% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Todd Hannigan also recently made the following trade(s):

• On Friday, July 10th, Todd Hannigan bought 225,000 shares of IperionX stock. The shares were purchased at an average price of $3.58 per share, for a total transaction of $805,500.00.
• On Tuesday, April 28th, Todd Hannigan bought 220,000 shares of IperionX stock. The stock was purchased at an average cost of $4.48 per share, with a total value of $985,600.00.
• On Wednesday, April 29th, Todd Hannigan purchased 260,000 shares of IperionX stock. The shares were purchased at an average price of $4.20 per share, for a total transaction of $1,092,000.00.

IperionX Trading Down 1.4%

IPX opened at $24.67 on Tuesday. IperionX Limited Sponsored ADR has a 52 week low of $21.66 and a 52 week high of $61.45. The business’s 50 day moving average is $34.10 and its two-hundred day moving average is $37.43. The company has a quick ratio of 4.00, a current ratio of 4.03 and a debt-to-equity ratio of 0.03.

Institutional Trading of IperionX

Several hedge funds and other institutional investors have recently made changes to their positions in IPX. Van ECK Associates Corp increased its stake in shares of IperionX by 61.0% during the fourth quarter. Van ECK Associates Corp now owns 1,337,343 shares of the company’s stock worth $48,392,000 after acquiring an additional 506,612 shares during the period. Jane Street Group LLC boosted its holdings in IperionX by 62.5% in the 4th quarter. Jane Street Group LLC now owns 129,020 shares of the company’s stock valued at $4,669,000 after purchasing an additional 49,645 shares in the last quarter. Millennium Management LLC acquired a new position in IperionX during the 4th quarter worth approximately $4,249,000. Private Advisor Group LLC raised its stake in shares of IperionX by 69.9% during the 1st quarter. Private Advisor Group LLC now owns 63,111 shares of the company’s stock worth $1,643,000 after buying an additional 25,964 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of IperionX by 69.0% in the 2nd quarter. Bank of America Corp DE now owns 35,441 shares of the company’s stock valued at $1,116,000 after buying an additional 14,467 shares during the period. Hedge funds and other institutional investors own 2.76% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of IperionX in a research note on Tuesday, April 21st. Roth Capital reiterated a “buy” rating on shares of IperionX in a research note on Monday, June 8th. BTIG Research boosted their price target on IperionX from $40.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Finally, Alliance Global Partners reaffirmed a “buy” rating on shares of IperionX in a research report on Tuesday, April 28th. Five analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, IperionX currently has a consensus rating of “Moderate Buy” and an average target price of $60.33.

About IperionX

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.