Iofina (LON:IOF) Receives “Buy” Rating from Canaccord Genuity Group

Canaccord Genuity Group reiterated their buy rating on shares of Iofina (LON:IOF) in a research report released on Thursday morning, MarketBeat reports. Canaccord Genuity Group currently has a GBX 37.50 ($0.46) target price on the stock.

Iofina Stock Up 0.6 %

Shares of Iofina stock opened at GBX 20.88 ($0.26) on Thursday. The firm has a market cap of £40.05 million, a price-to-earnings ratio of 2,087.50 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. Iofina has a 52-week low of GBX 16.31 ($0.20) and a 52-week high of GBX 29 ($0.36). The stock has a 50-day simple moving average of GBX 19.23 and a 200-day simple moving average of GBX 20.02.

About Iofina

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.