Itafos (CVE:IFOS) Sets New 12-Month High – Still a Buy?

Itafos Inc. (CVE:IFOS)’s share price reached a new 52-week high during trading on Tuesday . The company traded as high as C$4.67 and last traded at C$4.16, with a volume of 1202146 shares. The stock had previously closed at C$4.27.

Itafos Stock Down 2.6%

The stock has a market cap of C$803.86 million, a PE ratio of 6.40 and a beta of 0.45. The company has a debt-to-equity ratio of 20.68, a current ratio of 2.72 and a quick ratio of 0.73. The company has a 50 day moving average price of C$3.20 and a two-hundred day moving average price of C$3.07.

Insiders Place Their Bets

In related news, Director Stephen Lawrence Shapiro bought 11,900 shares of the stock in a transaction on Wednesday, December 24th. The shares were acquired at an average price of C$2.96 per share, for a total transaction of C$35,224.00. Following the purchase, the director owned 81,354 shares of the company’s stock, valued at approximately C$240,807.84. The trade was a 17.13% increase in their ownership of the stock. Over the last ninety days, insiders bought 20,000 shares of company stock valued at $59,255. 67.42% of the stock is currently owned by insiders.

About Itafos

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. It also owns interests in the Farim, a phosphate mine project situated in Farim, Guinea-Bissau; Araxá, a rare earth element and niobium mine and extraction plant project that is situated in Minas Gerais, Brazil; Arraias, an integrated phosphate fertilizer project located in Tocantins, Brazil; and Santana, an integrated phosphate mine and fertilizer plant project located in Pará, Brazil.