Itafos (CVE:IFOS) Trading Up 6.2% - Still a Buy?

Key Points

• Itafos Inc.'s stock price increased by 6.2%, reaching C$3.27 during mid-day trading, with trading volume rising 263% compared to its average daily volume.
• The company has a market capitalization of C$631.88 million and a P/E ratio of 5.95, indicating potential for value investment.
• Itafos operates as a phosphate and specialty fertilizer company, producing various products including monoammonium phosphate and superphosphoric acid.

Itafos Inc. (CVE:IFOS - )'s stock price was up 6.2% during mid-day trading on Friday . The company traded as high as C$3.27 and last traded at C$3.27. Approximately 176,953 shares changed hands during trading, an increase of 263% from the average daily volume of 48,779 shares. The stock had previously closed at C$3.08.

Itafos Stock Up 6.2%

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 has a market capitalization of C$631.88 million, a P/E ratio of 5.95 and a beta of 0.45. The company has a 50 day simple moving average of C$2.88 and a two-hundred day simple moving average of C$2.66.

About Itafos

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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