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Itafos (CVE:IFOS) Shares Up 12% - Time to Buy?

Itafos logo with Basic Materials background
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Itafos Inc. (CVE:IFOS - Get Free Report)'s stock price traded up 12% on Thursday . The company traded as high as C$2.43 and last traded at C$2.43. 100,738 shares changed hands during mid-day trading, an increase of 349% from the average session volume of 22,444 shares. The stock had previously closed at C$2.17.

Itafos Stock Down 0.9 %

The company's 50 day simple moving average is C$2.05 and its 200-day simple moving average is C$1.82. The company has a current ratio of 2.66, a quick ratio of 0.73 and a debt-to-equity ratio of 31.70. The firm has a market cap of C$304.92 million, a P/E ratio of 31.16 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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