Itafos (CVE:IFOS) Shares Down 0.5% – Here’s Why

Itafos Inc. (CVE:IFOS) shares dropped 0.5% during mid-day trading on Wednesday . The company traded as low as C$1.86 and last traded at C$1.89. Approximately 4,558 shares changed hands during trading, a decline of 73% from the average daily volume of 16,903 shares. The stock had previously closed at C$1.90.

Itafos Stock Performance

The company’s 50 day moving average price is C$1.80 and its 200-day moving average price is C$1.66. The stock has a market cap of C$362.92 million, a P/E ratio of -47.25 and a beta of -0.95. The company has a debt-to-equity ratio of 26.67, a quick ratio of 0.73 and a current ratio of 1.86.

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.