Iofina (LON:IOF) Stock Price Up 10.3% – Still a Buy?

Iofina plc (LON:IOFGet Free Report)’s share price was up 10.3% during mid-day trading on Monday . The stock traded as high as GBX 21.67 ($0.27) and last traded at GBX 21.40 ($0.26). Approximately 1,764,656 shares traded hands during trading, an increase of 492% from the average daily volume of 297,872 shares. The stock had previously closed at GBX 19.40 ($0.24).

Iofina Stock Up 1.2 %

The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The firm has a 50 day simple moving average of GBX 19.18 and a 200-day simple moving average of GBX 20. The stock has a market capitalization of £39.33 million, a price-to-earnings ratio of 2,050.00 and a beta of 0.71.

About Iofina

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Iofina plc is a vertically integrated company that specialises in the production of Iodine and the manufacturing of specialty chemical products and derivatives. Iofina is the second largest producer of iodine in North America and operates the manufacturing entities, Iofina Resources, and Iofina Chemical.

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