Iofina (LON:IOF) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

Shares of Iofina plc (LON:IOFGet Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 19.89 ($0.25) and traded as low as GBX 18.50 ($0.23). Iofina shares last traded at GBX 19.20 ($0.24), with a volume of 370,064 shares traded.

Iofina Stock Up 1.1 %

The stock has a market cap of £36.84 million, a PE ratio of 1,920.00 and a beta of 0.71. The company has a quick ratio of 1.56, a current ratio of 2.60 and a debt-to-equity ratio of 11.11. The firm has a fifty day moving average of GBX 19.11 and a 200 day moving average of GBX 19.89.

Iofina Company Profile

(Get Free Report)

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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