Iofina (LON:IOF) Shares Up 10.3% – Here’s What Happened

Iofina plc (LON:IOF) was up 10.3% during mid-day trading on Monday . The stock traded as high as GBX 21.67 ($0.26) and last traded at GBX 21.40 ($0.26). Approximately 1,764,656 shares traded hands during trading, an increase of 492% from the average daily volume of 297,872 shares. The stock had previously closed at GBX 19.40 ($0.24).

Iofina Trading Up 10.3 %

The stock has a market cap of £41.06 million, a P/E ratio of 2,140.00 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. The stock’s fifty day moving average is GBX 19.14 and its 200 day moving average is GBX 19.96.

Iofina Company Profile

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.