Iofina plc (LON:IOF – Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 43.27 and traded as high as GBX 52. Iofina shares last traded at GBX 51, with a volume of 339,264 shares traded.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group raised their price objective on shares of Iofina from GBX 60 to GBX 65 and gave the company a “buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 65.
Read Our Latest Analysis on IOF
Iofina Stock Performance
Insider Buying and Selling at Iofina
In other Iofina news, insider Tim Hughes bought 20,003 shares of the stock in a transaction on Monday, June 29th. The shares were purchased at an average price of GBX 50 per share, with a total value of £10,001.50. Corporate insiders own 13.44% of the company’s stock.
About Iofina
Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.
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