Itafos (CVE:IFOS) Stock Price Up 0.3% – Here’s Why

Itafos Inc. (CVE:IFOS)’s share price shot up 0.3% during mid-day trading on Monday . The company traded as high as C$2.95 and last traded at C$2.93. 43,190 shares were traded during mid-day trading, a decline of 24% from the average session volume of 56,783 shares. The stock had previously closed at C$2.92.

Itafos Price Performance

The firm has a market cap of C$575.84 million, a PE ratio of 4.58 and a beta of 0.54. The company has a current ratio of 2.66, a quick ratio of 0.73 and a debt-to-equity ratio of 31.70. The company has a 50 day moving average price of C$3.13 and a 200 day moving average price of C$2.95.

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.