Iofina (LON:IOF) Trading Up 10.3% – Here’s What Happened

Iofina plc (LON:IOFGet Free Report) traded up 10.3% during trading on Monday . The company 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 firm has a fifty day moving average price of GBX 19.14 and a 200 day moving average price of GBX 19.96. The firm has a market capitalization of £41.06 million, a PE ratio of 2,140.00 and a beta of 0.71. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56.

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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