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

Itafos Inc. (CVE:IFOSGet Free Report) shot up 12% on Thursday . The company traded as high as C$2.43 and last traded at C$2.43. 100,738 shares traded hands during mid-day trading, an increase of 349% from the average session volume of 22,444 shares. The stock had previously closed at C$2.17.

Itafos Stock Down 2.1 %

The company has a quick ratio of 0.73, a current ratio of 2.66 and a debt-to-equity ratio of 31.70. The business has a 50-day simple moving average of C$2.05 and a 200-day simple moving average of C$1.81. The company has a market cap of C$307.60 million, a PE ratio of 31.43 and a beta of -0.95.

Itafos Company Profile

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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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