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Itafos (CVE:IFOS) Shares Up 6.8% - Should You Buy?

Itafos logo with Basic Materials background

Itafos Inc. (CVE:IFOS - Get Free Report)'s share price shot up 6.8% during trading on Wednesday . The company traded as high as C$2.21 and last traded at C$2.20. 57,401 shares were traded during mid-day trading, an increase of 180% from the average session volume of 20,464 shares. The stock had previously closed at C$2.06.

Itafos Stock Down 2.6 %

The company has a debt-to-equity ratio of 31.70, a current ratio of 2.66 and a quick ratio of 0.73. The firm has a market capitalization of C$299.54 million, a P/E ratio of 30.61 and a beta of -0.95. The business has a 50 day moving average price of C$1.90 and a 200 day moving average price of C$1.73.

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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