Iofina (IOF)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

15.00p
   
  • Change Today:
    -0.50p
  • 52 Week High: 31.00
  • 52 Week Low: 10.75
  • Currency: UK Pounds
  • Shares Issued: 191.86m
  • Volume: 124,782
  • Market Cap: £28.78m

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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 15.00p
Change Today -0.50p
% Change -3.23 %
52 Week High 31.00
52 Week Low 10.75
Volume 124,782
Shares Issued 191.86m
Market Cap £28.78m

Iofina Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
22.33% above the market average22.33% above the market average22.33% above the market average22.33% above the market average22.33% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Price Trend
28.94% below the market average28.94% below the market average28.94% below the market average28.94% below the market average28.94% below the market average
34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average34.65% above the sector average
Income Not Available
Growth
25.60% above the market average25.60% above the market average25.60% above the market average25.60% above the market average25.60% above the market average
1.69% below the sector average1.69% below the sector average1.69% below the sector average1.69% below the sector average1.69% below the sector average

Iofina Dividends

No dividends found

Trades for 14-Jul-2020

Time Volume / Share Price
15:15 1,234 @ 15.25p
15:12 50,000 @ 14.95p
14:23 20,000 @ 14.95p
12:16 10,000 @ 15.00p
10:48 10,000 @ 14.50p

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