Itafos (CVE:IFOS) Trading Up 6.8% - Here's What Happened

Itafos Inc. (CVE:IFOS) saw its shares rise by 6.8% on Wednesday. The stock reached a peak price of C$2.21 during trading and ended at C$2.20. During the day, 57,401 shares were traded, marking a notable increase of 180% compared to the average trading volume of 20,464 shares. Previously, the stock had closed at C$2.06.

Itafos Price Performance

The current 50-day moving average for the stock is C$1.88, while the 200-day moving average stands at C$1.72. The company's financial health indicators show a debt-to-equity ratio of 31.70, a current ratio of 2.66, and a quick ratio of 0.73. Itafos has a market capitalization of C$295.51 million and a price-to-earnings ratio of 30.20, with a beta value of -0.95, indicating less volatility than the market.

Itafos Company Profile

Itafos Inc. operates primarily in the phosphate and specialty fertilizer sector. Its business is divided into several segments, including Conda, Arrais, and Development and Exploration. The company is involved in the production and sale of a variety of products such as 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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Should You Invest $1,000 in Itafos Right Now?

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