Itafos (CVE:IFOS) Trading Up 4.3% – Here’s Why

Itafos Inc. (CVE:IFOSGet Free Report) was up 4.3% during mid-day trading on Friday . The company traded as high as C$1.70 and last traded at C$1.70. Approximately 42,983 shares were traded during trading, an increase of 44% from the average daily volume of 29,765 shares. The stock had previously closed at C$1.63.

Itafos Trading Up 4.3 %

The company has a 50 day moving average price of C$1.61 and a 200 day moving average price of C$1.47. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.73 and a current ratio of 1.86. The firm has a market cap of C$326.43 million, a price-to-earnings ratio of -42.50 and a beta of -0.95.

About Itafos

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Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid.

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