Itafos (CVE:IFOS) Shares Up 1.1% - What's Next?

Key Points

• Itafos shares rose 1.1% mid-day, trading as high as C$3.97 and last at C$3.81 on volume of 180,412 shares (about 27% below the average session volume).
• Key financials: market cap C$739.97M, P/E 6.46, beta 0.19, quick ratio 0.73, current ratio 2.57, debt-to-equity 25.90, with 50-day and 200-day SMAs of C$3.47 and C$3.21 respectively.
• Business profile: Itafos is a phosphate and specialty fertilizer producer (MAP, SSP, superphosphoric acid, etc.) with development projects in Farim (Guinea‑Bissau) and Araxá, Arraias and Santana in Brazil.

Itafos Inc. (CVE:IFOS - )'s share price shot up 1.1% during mid-day trading on Monday . The company traded as high as C$3.97 and last traded at C$3.81. 180,412 shares were traded during trading, a decline of 27% from the average session volume of 246,370 shares. The stock had previously closed at C$3.77.

Itafos Stock Up 1.1%

The stock has a market cap of C$739.97 million, a P/E ratio of 6.46 and a beta of 0.19. The company has a quick ratio of 0.73, a current ratio of 2.57 and a debt-to-equity ratio of 25.90. The business has a 50-day simple moving average of C$3.47 and a 200-day simple moving average of C$3.21.

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.

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