Itafos (CVE:IFOS) Hits New 52-Week High – Here’s What Happened

Itafos Inc. (CVE:IFOS)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock 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 Price Performance

The company has a current ratio of 2.72, a quick ratio of 0.73 and a debt-to-equity ratio of 20.68. The stock has a market capitalization of C$726.56 million, a P/E ratio of 5.78 and a beta of 0.45. The company has a fifty day simple moving average of C$3.09 and a two-hundred day simple moving average of C$3.03.

Insider Activity at Itafos

In other Itafos news, Director Stephen Lawrence Shapiro purchased 11,900 shares of the stock in a transaction dated Wednesday, December 24th. The stock was 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 C$240,807.84. This represents a 17.13% increase in their ownership of the stock. In the last ninety days, insiders have purchased 20,000 shares of company stock worth $59,255. 67.42% of the stock is owned by 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.