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Stock impact report

IperionX (IPX) Climbs 28.4% on New Govt Deal [Yahoo! Finance]

IperionX Limited - American Depositary Share (IPX) 
Company Research Source: Yahoo! Finance
IperionX saw its share prices jump by 28.4 percent week-on-week to end just a few cents shy of its all-time high, as investors took heart from its new deal with the US Army for the supply of 700 lightweight titanium components for the latter's heavy ground combat systems. On Friday, the stock surged to its highest price of $60.35, just $0.55 shy of its all-time high of $60.90 last October 15. Photo grabbed from IperionX website In a statement, IperionX Limited (NASDAQ:IPX) said that the deal, amounting to $300,000, has the potential to increase significantly upon successful delivery of the initial scope of work. IperionX Limited (NASDAQ:IPX) said that replacing steel components with titanium is expected to reduce combat systems' weight by 40 to 45 percent, or several hundred kilograms per vehicle, enabling faster acceleration and better agility, increased operational range and survivability, and reduced ground pressure, improving traction and flotation on soft or uneven terra Show less Read more
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