Iofina (LON:IOF) Shares Cross Below 200 Day Moving Average – Here’s What Happened

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 changing hands.

Iofina Stock Performance

The stock has a market capitalization 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 business’s fifty day moving average is GBX 19.11 and its two-hundred day moving average is GBX 19.89.

About Iofina

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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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