Itafos (CVE:IFOS) Shares Down 1.9% – What’s Next?

Itafos Inc. (CVE:IFOS) traded down 1.9% during trading on Tuesday . The company traded as low as C$3.04 and last traded at C$3.06. 58,959 shares traded hands during trading, a decline of 40% from the average session volume of 98,237 shares. The stock had previously closed at C$3.12.

Itafos Trading Down 1.9%

The company has a debt-to-equity ratio of 31.70, a quick ratio of 0.73 and a current ratio of 2.66. The stock has a market cap of C$591.30 million, a P/E ratio of 4.71 and a beta of 0.38. The company has a 50-day simple moving average of C$3.08 and a 200-day simple moving average of C$2.99.

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.