Iofina’s (IOF) “Buy” Rating Reiterated at Canaccord Genuity Group

Canaccord Genuity Group reaffirmed their buy rating on shares of Iofina (LON:IOF) in a report released on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 35 ($0.44) target price on the stock.

Iofina Price Performance

Shares of Iofina stock opened at GBX 20 ($0.25) on Thursday. The stock has a market capitalization of £38.37 million, a price-to-earnings ratio of 487.50 and a beta of 0.66. Iofina has a twelve month low of GBX 18.68 ($0.23) and a twelve month high of GBX 38 ($0.48). The company has a current ratio of 2.78, a quick ratio of 1.56 and a debt-to-equity ratio of 15.43. The business’s 50 day simple moving average is GBX 21.74 and its 200-day simple moving average is GBX 23.92.

About Iofina

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.