Iofina (LON:IOF) Trading Up 10.3% – Here’s Why

Iofina plc (LON:IOFGet Free Report)’s share price was up 10.3% during trading on Tuesday . The company traded as high as GBX 21.67 ($0.27) and last traded at GBX 21.40 ($0.26). Approximately 1,764,656 shares were traded during mid-day trading, an increase of 492% from the average daily volume of 297,872 shares. The stock had previously closed at GBX 19.40 ($0.24).

Iofina Trading Down 0.3 %

The company has a market cap of £40.18 million, a price-to-earnings ratio of 2,094.00 and a beta of 0.71. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The business has a 50 day simple moving average of GBX 19.18 and a 200 day simple moving average of GBX 19.98.

Iofina Company Profile

(Get Free Report)

Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.

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