Shares of Itafos Inc. (CVE:IFOS – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$3.72 and last traded at C$3.72, with a volume of 356521 shares changing hands. The stock had previously closed at C$3.51.
Itafos Trading Up 2.4%
The stock has a market cap of C$745.89 million, a price-to-earnings ratio of 5.94 and a beta of 0.45. The business’s 50 day moving average is C$3.13 and its 200 day moving average is C$3.04. The company has a debt-to-equity ratio of 20.68, a current ratio of 2.72 and a quick ratio of 0.73.
Insider Buying and Selling
In related news, Director Stephen Lawrence Shapiro acquired 11,900 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were bought at an average price of C$2.96 per share, with a total value of C$35,224.00. Following the completion of the acquisition, the director owned 81,354 shares in the company, valued at C$240,807.84. This trade represents a 17.13% increase in their ownership of the stock. Insiders have purchased 20,000 shares of company stock valued at $59,255 in the last 90 days. Corporate insiders own 67.42% of the company’s stock.
About Itafos
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.
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