Itafos (CVE:IFOS) Trading Down 5.4% – Here’s What Happened

Itafos Inc. (CVE:IFOS)’s stock price fell 5.4% during mid-day trading on Tuesday . The company traded as low as C$2.95 and last traded at C$2.95. 248,419 shares changed hands during trading, an increase of 4% from the average session volume of 239,993 shares. The stock had previously closed at C$3.12.

Itafos Stock Down 5.4%

The stock has a 50 day moving average price of C$3.59 and a 200-day moving average price of C$3.27. The stock has a market capitalization of C$572.94 million, a P/E ratio of 7.02 and a beta of 0.34. The company has a debt-to-equity ratio of 19.58, a current ratio of 2.71 and a quick ratio of 0.73.

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.