Itafos (CVE:IFOS) Reaches New 52-Week High – Here’s Why

Shares of Itafos Inc. (CVE:IFOS) reached a new 52-week high on Tuesday . The company traded as high as C$4.67 and last traded at C$4.16, with a volume of 1202146 shares trading hands. The stock had previously closed at C$4.27.

Itafos Stock Performance

The company has a debt-to-equity ratio of 20.68, a current ratio of 2.72 and a quick ratio of 0.73. The business has a 50 day moving average price of C$3.20 and a 200 day moving average price of C$3.07. The stock has a market capitalization of C$803.86 million, a PE ratio of 6.40 and a beta of 0.45.

Insider Transactions at Itafos

In other news, Director Stephen Lawrence Shapiro acquired 11,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were bought at an average cost of C$2.96 per share, with a total value of C$35,224.00. Following the transaction, the director owned 81,354 shares of the company’s stock, valued at C$240,807.84. This trade represents a 17.13% increase in their position. In the last quarter, insiders have bought 20,000 shares of company stock valued at $59,255. Insiders own 67.42% of the company’s stock.

Itafos Company Profile

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. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.