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Iofina – Q1 and progress update, Buy

By HotStockRockets | Friday 22 April 2022

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.

Iofina (IOF) has announced first quarter production of 103.8 metric tonnes of crystalline iodine from its five operating IOsorb plants in Oklahoma, USA, in line with its budgeted projections and that “iodine spot prices have reached $60/kg and above, up 20% since the beginning of the year”. This sounds encouraging.

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