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

Itafos Inc. (CVE:IFOSGet Free Report)’s share price rose 12% on Thursday . The stock traded as high as C$2.43 and last traded at C$2.43. Approximately 100,738 shares were traded 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 current ratio of 2.66 and a quick ratio of 0.73. The stock has a market capitalization of C$303.57 million, a P/E ratio of 31.02 and a beta of -0.95. The company has a fifty day moving average of C$2.03 and a two-hundred day moving average of C$1.80.

About Itafos

(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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