Iofina (IOF)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

28.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 31.60
  • 52 Week Low: 10.30
  • Currency: UK Pounds
  • Shares Issued: 191.86m
  • Volume: 419,172
  • Market Cap: £53.72m

Iofina launches subsidiary to focus on hemp-derived products

By Josh White

Date: Tuesday 13 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Iodine and speciality chemicals company Iofina announced the incorporation and launch of a subsidiary company on Monday - IofinaEX Global Inc.
The AIM-traded firm said the subsidiary would specialise in the production of hemp-derived products in Central America and the Caribbean, for export into the United States and internationally.

"Our understanding of specialty chemical products presents us with an opportunity to use our pedigree and expertise to expand into the rapidly growing hemp market," said Iofina president and chief executive officer Dr Tom Becker.

"We work closely with regulatory authorities in the US to ensure all our products conform with the strictest regulatory frameworks in specialty chemicals."

Dr Becker said the regulatory knowledge that the company had acquired gave it an "unparalleled perspective" on helping the emerging hemp market develop and operate in the Central American and Caribbean regions, to comply within the strict laws and security safeguards internationally, and particularly in the US.

"IofinaEX Global looks forward to working alongside a government that is keen to develop its country as the hub for the exportation of hemp-derived products in Central America and the Caribbean.

"We will be making further announcements on our progress in due course."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Iofina Market Data

Currency UK Pounds
Share Price 28.00p
Change Today -0.50p
% Change -1.75 %
52 Week High 31.60
52 Week Low 10.30
Volume 419,172
Shares Issued 191.86m
Market Cap £53.72m

Iofina Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.82% below the market average70.82% below the market average70.82% below the market average70.82% below the market average70.82% below the market average
83.16% below the sector average83.16% below the sector average83.16% below the sector average83.16% below the sector average83.16% below the sector average
Price Trend
97.88% above the market average97.88% above the market average97.88% above the market average97.88% above the market average97.88% above the market average
96.12% above the sector average96.12% above the sector average96.12% above the sector average96.12% above the sector average96.12% above the sector average
Income Not Available
Growth
10.46% below the market average10.46% below the market average10.46% below the market average10.46% below the market average10.46% below the market average
65.62% below the sector average65.62% below the sector average65.62% below the sector average65.62% below the sector average65.62% below the sector average

Iofina Dividends

No dividends found

Trades for 20-Nov-2019

Time Volume / Share Price
15:52 50,000 @ 28.90p
16:35 1,713 @ 28.00p
16:30 6,741 @ 29.48p
16:29 4,325 @ 28.00p
16:23 1,681 @ 29.50p

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