Iofina (LON:IOF) Earns Buy Rating from Canaccord Genuity Group

Iofina (LON:IOF)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity Group in a report issued on Thursday,Digital Look reports. They presently have a GBX 37.50 ($0.46) price target on the stock. Canaccord Genuity Group’s price target would suggest a potential upside of 76.47% from the stock’s current price.

Iofina Stock Performance

Shares of LON IOF opened at GBX 21.25 ($0.26) on Thursday. The firm has a market capitalization of £40.77 million, a price-to-earnings ratio of 2,125.00 and a beta of 0.71. Iofina has a one year low of GBX 16.31 ($0.20) and a one year high of GBX 29 ($0.36). The business has a fifty day simple moving average of GBX 19.23 and a 200 day simple moving average of GBX 20.02. The company has a current ratio of 2.60, a quick ratio of 1.56 and a debt-to-equity ratio of 11.11.

Iofina Company Profile

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.