Itafos (CVE:IFOS) Trading Down 0.7% – Time to Sell?

Shares of Itafos Inc. (CVE:IFOS) fell 0.7% on Wednesday . The stock traded as low as C$2.94 and last traded at C$2.96. 29,410 shares were traded during trading, a decline of 22% from the average session volume of 37,511 shares. The stock had previously closed at C$2.98.

Itafos Stock Performance

The firm has a market capitalization of C$397.60 million, a PE ratio of 40.63 and a beta of -0.95. The company has a debt-to-equity ratio of 31.70, a quick ratio of 0.73 and a current ratio of 2.66. The company’s fifty day moving average price is C$2.88 and its two-hundred day moving average price is C$2.42.

About Itafos

Itafos Inc operates as a phosphate and specialty fertilizer company. It operates through Conda, Arrais, and Development and Exploration segments. The company produces and sells monoammonium phosphate (MAP), MAP with micronutrients, superphosphoric acid, merchant grade phosphoric acid, ammonium polyphosphate, hydrofluorosilicic acid, direct application phosphate rock, single superphosphate (SSP), SSP with micronutrients, and sulfuric acid.