Canaccord Genuity Group Reiterates Buy Rating for Iofina (LON:IOF)

Canaccord Genuity Group reaffirmed their buy rating on shares of Iofina (LON:IOF) in a research note issued to investors on Thursday, Marketbeat reports. Canaccord Genuity Group currently has a GBX 37.50 ($0.47) price target on the stock.

Iofina Trading Up 0.6 %

LON IOF opened at GBX 20.88 ($0.26) on Thursday. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56. The stock has a market capitalization of £40.06 million, a P/E ratio of 2,088.00 and a beta of 0.71. The firm’s 50-day moving average is GBX 19.29 and its two-hundred day moving average is GBX 20.05. Iofina has a 12 month low of GBX 16.31 ($0.20) and a 12 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.