Itafos (CVE:IFOS) Trading Up 12% – Here’s Why

Shares of Itafos Inc. (CVE:IFOSGet Free Report) were up 12% during mid-day trading on Thursday . The company traded as high as C$2.43 and last traded at C$2.43. Approximately 100,738 shares changed hands during mid-day trading, an increase of 349% from the average daily volume of 22,444 shares. The stock had previously closed at C$2.17.

Itafos Stock Performance

The company has a debt-to-equity ratio of 31.70, a quick ratio of 0.73 and a current ratio of 2.66. The stock’s fifty day moving average price is C$2.03 and its 200-day moving average price is C$1.80. The company has a market capitalization of C$303.57 million, a P/E ratio of 31.02 and a beta of -0.95.

Itafos Company Profile

(Get Free Report)

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.

Further Reading

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