Itafos (CVE:IFOS) Trading Up 5.9% – Here’s Why

Itafos Inc. (CVE:IFOS) shares shot up 5.9% during trading on Monday . The company traded as high as C$4.66 and last traded at C$4.52. 149,881 shares were traded during trading, a decline of 20% from the average session volume of 188,089 shares. The stock had previously closed at C$4.27.

Itafos Stock Performance

The stock has a fifty day simple moving average of C$3.22 and a two-hundred day simple moving average of C$3.08. The company has a debt-to-equity ratio of 20.68, a quick ratio of 0.73 and a current ratio of 2.72. The stock has a market capitalization of C$842.50 million, a price-to-earnings ratio of 6.71 and a beta of 0.45.

Insider Activity at Itafos

In other Itafos news, Director Stephen Lawrence Shapiro bought 11,900 shares of the business’s stock in a transaction that occurred on Wednesday, December 24th. The shares were bought at an average price of C$2.96 per share, for a total transaction of C$35,224.00. Following the transaction, the director directly owned 81,354 shares in the company, valued at approximately C$240,807.84. This trade represents a 17.13% increase in their ownership of the stock. In the last 90 days, insiders bought 20,000 shares of company stock worth $59,255. 67.42% of the stock is owned by corporate insiders.

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.