BUZZ-Australia's Iperionx gains on $47 mln US contract
ReutersFeb 17, 2025 3:14 AM
Iperionx IPX.AX jumps 6.5% to A$4.4, highest since January 14
Titanium miner gets contract of up to $47.1 mln from U.S. Department of Defense (DoD) to strengthen U.S. Defense Industrial Base by accelerating development of a U.S. mineral-to-metal titanium supply chain
About 1.9 mln shares traded vs the 30-day avg of 1.2 mln
Stock rose as much as 13.6% earlier in the day, marking its biggest intraday gain since September 25, 2024
IPX down 20% YTD
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