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

Iofina (LON:IOF)‘s stock had its “buy” rating reaffirmed by analysts at Canaccord Genuity Group in a research note issued on Thursday,Digital Look reports. They currently have a GBX 37.50 ($0.46) price target on the stock. Canaccord Genuity Group’s target price points to a potential upside of 76.47% from the stock’s previous close.

Iofina Trading Down 3.4 %

Shares of Iofina stock opened at GBX 21.25 ($0.26) on Thursday. Iofina has a 12-month low of GBX 16.31 ($0.20) and a 12-month high of GBX 29 ($0.36). The stock has a market capitalization of £40.77 million, a P/E ratio of 2,125.00 and a beta of 0.71. The company has a 50-day simple moving average of GBX 19.23 and a 200 day simple moving average of GBX 20.02. The company has a quick ratio of 1.56, a current ratio of 2.60 and a debt-to-equity ratio of 11.11.

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.