Iofina Plc Ord 1P is listed on the London Stock Exchange trading with ticker code IOF.L, and is part of the Metals sector. It has a market capitalisation of £0.00, with approximately 128m shares in issue.
Iofina Plc, officially known as Iofina Plc Ord 1P was formed in March of 2005, making the company fourteen years old. The company filed its latest accounts on 31st December 2014, showing a turnover of approximately 17.00 million GBX with gross profits of 1.74 million, or 0.0136 per issued share, and a pre-tax profit margin of -25.94%. Iofina Plc currently has 4 directors, and has had 13 previous directors over the last 14 years. In the last set of accounts produced by Baker Tilly Uk Audit Llp, the company showed 3.75 million paid in salaries to the 92 staff (average wage of 41 thousand), with the directors receiving an average 71 thousand each. In the accounts filed in 2014, the company paid 0 in dividends. These accounts also showed Iofina Plc to have a net worth of 10.12 million, with 4.58 million held in cash.
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|Shares in Issue||128m|
|52 Week High||0.00|
|52 Week Low||0.00|
Iofina Plc. is a ‘Buy’ at the current levels as the stock offers a phenomenal scope of upside! The stock finished trading on the London stock exchange at 13.0p a share, up by 6% compared to the previous close. Yesterday, the stock was one of the top gainers on the bourses and we expect the northward journey to continue. In our last article on Iofina Plc., we had given the target of 20p and the stock did rise from 13.0p to 16.0p respectively. However, it couldn’t breach the resistance of 16.0 p and afterwards headed for a correction. The stock took support at 10.0p and has been rising after its consolidation at the same level. In terms of technical analysis or charting, the stock has surpassed the downward trend line which also confirms the trend reversal and likely bullish trend. Currently, the stock has been trading above its 20 day moving average (DMA), 50 DMA and below 100 DMA of 12.1p, 12.98p and 13.8p respectively. MACD and RSI also confirms the buying, thus traders can initiate fresh longs at the current levels for the target of 23.0p. We revise the target price to 23.0p and the time frame to achieve this target would be 0 to 3 months. (Read more)
Iofina plc. is a holding company. The Company is involved in the exploration and production of iodine, iodine specialty chemical derivatives, produced water and natural gas. Its segments are Iodine and Iodine Derivatives, and Montana. The activities of the Iodine and Iodine Derivatives segment include the production of raw iodine, and the production of iodine derivatives and other non-iodine based chemical derivatives. The Montana segment includes the Atlantis Field project for the exploration and production of natural gas, iodine and water for use in various applications, and the Montana Water Depot project, which includes volumes of water retrieved, stored and shipped to customers in close proximity to be used mainly for fracking. It is also engaged in recycling of iodine using iodinated side-streams from waste chemical processes in Europe, North America and Asia. It’s Wellhead Extraction Technology (WET) and WET IOsorb methods enable the co-production of iodine from brine. (Read more)