Iofina (LON:IOF) Receives Buy Rating from Canaccord Genuity Group

Canaccord Genuity Group reissued their buy rating on shares of Iofina (LON:IOFFree Report) in a research note issued to investors on Thursday, Marketbeat reports. The firm currently has a GBX 35 ($0.44) price target on the stock.

Iofina Stock Down 2.5 %

Shares of IOF stock traded down GBX 0.50 ($0.01) during trading on Thursday, hitting GBX 19.50 ($0.24). 605,482 shares of the company were exchanged, compared to its average volume of 241,713. The business’s 50-day simple moving average is GBX 21.74 and its 200 day simple moving average is GBX 23.92. Iofina has a twelve month low of GBX 18.68 ($0.23) and a twelve month high of GBX 38 ($0.48). The firm has a market capitalization of £37.41 million, a price-to-earnings ratio of 487.50 and a beta of 0.66. The company has a debt-to-equity ratio of 15.43, a quick ratio of 1.56 and a current ratio of 2.78.

About Iofina

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Iofina plc develops, explores for, and produces iodine and halogen-based specialty chemical derivatives in the United States and the United Kingdom. It offers halogen chemicals, disinfectants, electronic specialty gases, sanitizers, heat stabilizers, preservatives, and specialty intermediates, as well as animal health, mineral separation, and odor control products for use in electronics/semiconductor, pharmaceutical, food and beverage, personal care, paints and coatings, dairy, chemical intermediates, gemological, fish and wildlife, and nylon markets.

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