Executive Chairman of IperionX Todd Hannigan Buys 18% More Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 11 2024
0mins
Source: Yahoo Finance
- IperionX Limited Insider Transactions: The Executive Chairman of IperionX, Todd Hannigan, purchased AU$6.1m worth of stock at AU$1.91, increasing their holding size by 18%, indicating confidence in the company.
- Insider Ownership and Analysis: IperionX insiders own about AU$97m worth of shares, equating to 17% of the company, showing alignment between management and shareholders. Despite recent insider purchases, caution is advised due to the company's loss in the last year and potential risks.
Analyst Views on IPX
About IPX
IperionX Limited is a titanium metal and critical materials company that uses patented metal technologies to produce high performance titanium alloys, from titanium minerals or scrap titanium, at lower energy and carbon emissions. It is engaged in the exploration and evaluation of its mineral properties in the United States and the research, development, and commercialization of its associated metals technologies to support an integrated titanium processing operation. It holds a 100% interest in the Titan Project, covering more than 10,000 acres of mineral properties in Tennessee, United States, which consider prospective for critical minerals including titanium, rare earth elements, silica sand and zircon. Its titanium metal and critical minerals are essential for advanced United States industries including space, aerospace, defense, consumer electronics, hydrogen, electric vehicles and additive manufacturing.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
