Itafos (CVE:IFOS) Trading 1.1% Higher – Should You Buy?

Shares of Itafos Inc. (CVE:IFOS) rose 1.1% during trading on Monday . The stock traded as high as C$3.97 and last traded at C$3.81. Approximately 180,412 shares traded hands during trading, a decline of 27% from the average daily volume of 246,370 shares. The stock had previously closed at C$3.77.

Itafos Stock Performance

The firm has a market cap of C$716.66 million, a price-to-earnings ratio of 6.25 and a beta of 0.19. The company has a current ratio of 2.57, a quick ratio of 0.73 and a debt-to-equity ratio of 25.90. The stock’s 50 day moving average is C$3.49 and its 200 day moving average is 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.