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Itafos (CVE:IFOS) Stock Price Down 6.8% - Here's What Happened

Itafos logo with Basic Materials background

Itafos Inc. (CVE:IFOS - Get Free Report)'s share price dropped 6.8% on Monday . The company traded as low as C$2.82 and last traded at C$2.87. Approximately 96,511 shares were traded during mid-day trading, an increase of 171% from the average daily volume of 35,662 shares. The stock had previously closed at C$3.08.

Itafos Stock Performance

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 firm's 50-day moving average is C$2.49 and its two-hundred day moving average is C$2.21. The stock has a market cap of C$401.63 million, a price-to-earnings ratio of 41.04 and a beta of -0.95.

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.

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