Canaccord Genuity Group Reaffirms “Buy” Rating for Iofina (LON:IOF)

Canaccord Genuity Group restated their buy rating on shares of Iofina (LON:IOF) in a research report released on Thursday, Marketbeat Ratings reports. They currently have a GBX 37.50 ($0.46) price objective on the stock.

Iofina Price Performance

Shares of LON:IOF opened at GBX 20.88 ($0.26) on Thursday. 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 has a 50 day moving average price of GBX 19.23 and a 200 day moving average price of GBX 20.02. The company has a market cap of £40.05 million, a price-to-earnings ratio of 2,087.50 and a beta of 0.71. Iofina has a twelve month low of GBX 16.31 ($0.20) and a twelve month high of GBX 29 ($0.36).

About Iofina

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.