Canaccord Genuity Group Reaffirms Buy Rating for Iofina (LON:IOF)

Iofina (LON:IOF)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity Group in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They presently have a GBX 37.50 ($0.50) target price on the stock. Canaccord Genuity Group’s price target suggests a potential upside of 82.93% from the company’s current price.

Iofina Trading Down 2.4 %

Shares of LON IOF opened at GBX 20.50 ($0.27) on Thursday. Iofina has a twelve month low of GBX 16.31 ($0.22) and a twelve month high of GBX 24.49 ($0.33). The firm has a market cap of £49.22 million, a PE ratio of 14.39 and a beta of 0.71. The business has a fifty day simple moving average of GBX 21.48 and a two-hundred day simple moving average of GBX 20.12. The company has a quick ratio of 1.56, a current ratio of 2.60 and a debt-to-equity ratio of 11.11.

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.