Iofina (LON:IOF) Shares Pass Below Two Hundred Day Moving Average – Should You Sell?

Iofina plc (LON:IOFGet Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 19.94 ($0.25) and traded as low as GBX 18.79 ($0.24). Iofina shares last traded at GBX 19.51 ($0.24), with a volume of 147,817 shares.

Iofina Trading Up 5.5 %

The stock has a market cap of £37.43 million, a P/E ratio of 1,951.00 and a beta of 0.71. The firm’s fifty day moving average price is GBX 18.96 and its two-hundred day moving average price is GBX 19.94. The company has a debt-to-equity ratio of 11.11, a current ratio of 2.60 and a quick ratio of 1.56.

About Iofina

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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.

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