Itafos (CVE:IFOS) Trading 6.8% Higher – Should You Buy?

Itafos Inc. (CVE:IFOSGet Free Report)’s share price traded up 6.8% on Wednesday . The company traded as high as C$2.21 and last traded at C$2.20. 57,401 shares changed hands 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 Price Performance

The stock’s 50 day moving average price is C$1.88 and its two-hundred day moving average price is C$1.72. 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$295.51 million, a price-to-earnings ratio of 30.20 and a beta of -0.95.

Itafos Company Profile

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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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