Itafos (OTCMKTS:MBCF) Trading 4.7% Higher – Time to Buy?

Shares of Itafos Inc. (OTCMKTS:MBCFGet Free Report) rose 4.7% during mid-day trading on Friday . The stock traded as high as $1.41 and last traded at $1.40. Approximately 4,000 shares traded hands during trading, a decline of 57% from the average daily volume of 9,370 shares. The stock had previously closed at $1.34.

Itafos Stock Up 4.7 %

The stock has a 50-day simple moving average of $1.28 and a 200 day simple moving average of $1.20.

About Itafos

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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.

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