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Itafos (CVE:IFOS) Shares Up 4.3% - Here's Why

Itafos logo with Basic Materials background

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

Itafos Stock Up 4.3 %

The firm's 50-day simple moving average is C$1.61 and its two-hundred day simple moving average is C$1.46. 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 stock has a market cap of C$326.43 million, a price-to-earnings ratio of -42.50 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.

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