Itafos (CVE:IFOS) Trading 5.9% Higher – Should You Buy?

Itafos Inc. (CVE:IFOS) shares shot up 5.9% during trading on Monday . The company traded as high as C$4.66 and last traded at C$4.52. 149,881 shares changed hands during mid-day trading, a decline of 20% from the average session volume of 188,089 shares. The stock had previously closed at C$4.27.

Itafos Stock Performance

The company has a 50 day moving average of C$3.17 and a two-hundred day moving average of C$3.06. The company has a debt-to-equity ratio of 20.68, a current ratio of 2.72 and a quick ratio of 0.73. The company has a market capitalization of C$869.56 million, a PE ratio of 6.92 and a beta of 0.45.

Insider Activity at Itafos

In other Itafos news, Director Stephen Lawrence Shapiro bought 11,900 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were purchased at an average price of C$2.96 per share, for a total transaction of C$35,224.00. Following the acquisition, the director owned 81,354 shares in the company, valued at approximately C$240,807.84. This represents a 17.13% increase in their position. In the last quarter, insiders have acquired 20,000 shares of company stock worth $59,255. Insiders own 67.42% of the company’s stock.

Itafos Company Profile

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. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.