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Itafos (CVE:IFOS) Shares Down 1.1% - Here's What Happened

Itafos logo with Basic Materials background

Key Points

  • Itafos Inc. shares declined by 1.1% to C$2.80, with trading volume dropping significantly to approximately 13,525 shares, compared to an average of 40,125 shares.
  • The company's current financial ratios include a quick ratio of 0.73 and a debt-to-equity ratio of 31.70, indicating potential liquidity and financial leverage concerns.
  • Itafos operates in the phosphate and specialty fertilizer sector, producing various fertilizer products including monoammonium phosphate and superphosphoric acid.
  • MarketBeat previews top five stocks to own in November.

Itafos Inc. (CVE:IFOS - Get Free Report)'s share price was down 1.1% on Friday . The stock traded as low as C$2.80 and last traded at C$2.80. Approximately 13,525 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 40,125 shares. The stock had previously closed at C$2.83.

Itafos Price Performance

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 company has a market cap of C$541.06 million, a price-to-earnings ratio of 5.09 and a beta of 0.89. The company has a fifty day simple moving average of C$2.87 and a two-hundred day simple moving average of C$2.59.

About Itafos

(Get Free Report)

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.

Further Reading

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