Iofina (LON:IOF) Shares Up 10.3% – Time to Buy?

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

Iofina Stock Performance

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 market cap of £41.06 million, a PE ratio of 2,140.00 and a beta of 0.71. The business has a 50-day simple moving average of GBX 19.14 and a 200 day simple moving average of GBX 19.96.

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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