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

Iofina plc (LON:IOFGet Free Report)’s share price 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 traded.

Iofina Stock Performance

The stock’s 50-day simple moving average is GBX 19.11 and its 200 day simple moving average is GBX 19.89. The company 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 debt-to-equity ratio of 11.11, a quick ratio of 1.56 and a current ratio of 2.60.

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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