Iofina (LON:IOF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Iofina plc (LON:IOF)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 20.06 ($0.26) and traded as high as GBX 23.49 ($0.30). Iofina shares last traded at GBX 22.65 ($0.29), with a volume of 392,848 shares changing hands.

Wall Street Analyst Weigh In

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

Iofina Trading Up 4.1 %

The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The business’s 50-day moving average is GBX 21.52 and its two-hundred day moving average is GBX 20.06. The firm has a market cap of £54.38 million, a P/E ratio of 15.90 and a beta of 0.71.

Iofina Company Profile

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.