Insider Buying: IperionX (ASX:IPX) Insider Acquires 159,333 Shares of Stock

IperionX Limited (ASX:IPX) insider Todd Hannigan purchased 159,333 shares of the company’s stock in a transaction on Tuesday, February 3rd. The shares were bought at an average price of A$6.79 per share, for a total transaction of A$1,081,871.07.

IperionX Price Performance

The company has a quick ratio of 2.74, a current ratio of 13.62 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $835.12 million, a P/E ratio of -27,330.67 and a beta of 1.20.

IperionX Company Profile

IperionX Limited engages in exploration and development of its mineral properties in the United States. It holds a 100% interest in the critical minerals Titan project, which has the resource of titanium, rare earth, and zircon rich mineral sands covering approximately 11,071 acres of surface and associated mineral rights in Tennessee, the United States. The company also produces titanium products made from scrap titanium at industrial pilot facility in Utah, United States. It operates titanium business to support various industries, including consumer electronics, aerospace, space, defense, medical, bicycles, additive manufacturing, hydrogen, and automotive.