Itafos (OTCMKTS:MBCF) Shares Down 1.3% – What’s Next?

Itafos Inc. (OTCMKTS:MBCF) shares dropped 1.3% during mid-day trading on Thursday . The company traded as low as $1.57 and last traded at $1.57. Approximately 1,600 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 8,467 shares. The stock had previously closed at $1.59.

Itafos Stock Performance

The firm’s 50 day simple moving average is $1.45 and its 200 day simple moving average is $1.30.

Itafos Company Profile

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.