Itafos (CVE:IFOS) Trading Down 0.6% – What’s Next?

Itafos Inc. (CVE:IFOS) shares fell 0.6% during mid-day trading on Tuesday . The company traded as low as C$3.13 and last traded at C$3.16. 95,263 shares traded hands during trading, a decline of 14% from the average session volume of 111,237 shares. The stock had previously closed at C$3.18.

Itafos Stock Down 0.6%

The stock has a market cap of C$610.62 million, a PE ratio of 4.86 and a beta of 0.31. The business has a fifty day moving average of C$3.02 and a 200-day moving average of C$3.01. The company has a debt-to-equity ratio of 31.70, a current ratio of 2.66 and a quick ratio of 0.73.

Insiders Place Their Bets

In other Itafos news, Director Stephen Lawrence Shapiro bought 11,900 shares of the business’s stock in a transaction on Wednesday, December 24th. The shares were acquired at an average price of C$2.96 per share, with a total value of C$35,224.00. Following the transaction, the director owned 81,354 shares of the company’s stock, valued at approximately C$240,807.84. This trade represents a 17.13% increase in their position. Insiders have bought 20,000 shares of company stock valued at $59,255 over the last ninety days. 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.