Itafos Inc. (OTCMKTS:MBCF – Get Free Report) shares dropped 3.2% on Wednesday. The company traded as low as $1.43 and last traded at $1.4320. Approximately 39,126 shares traded hands during trading, an increase of 349% from the average session volume of 8,705 shares. The stock had previously closed at $1.48.
Itafos Price Performance
The firm’s fifty day moving average is $1.58 and its two-hundred day moving average is $1.98.
About Itafos
Itafos is a phosphate-focused fertilizer and specialty products company. Its operations include the Conda production site in Idaho, which processes phosphate rock into products for agricultural and industrial markets.
The company’s product portfolio includes phosphate fertilizers such as monoammonium phosphate and ammonium polyphosphate, as well as merchant-grade phosphoric acid and other phosphate-based products. It serves customers in North America and other markets.
Itafos was previously known as MBAC Fertilizer Corp.
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