Iofina (LON:IOF) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Iofina plc (LON:IOF) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 20.10 ($0.26) and traded as high as GBX 21.24 ($0.27). Iofina shares last traded at GBX 21.24 ($0.27), with a volume of 330,713 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 37.50 ($0.48) target price on shares of Iofina in a report on Thursday, January 23rd.

Iofina Trading Up 0.6 %

The company has a current ratio of 2.60, a quick ratio of 1.56 and a debt-to-equity ratio of 11.11. The stock has a market cap of £51.93 million, a PE ratio of 15.18 and a beta of 0.71. The firm has a fifty day simple moving average of GBX 21.73 and a two-hundred day simple moving average of GBX 20.10.

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.