Iofina plc 38.4% potential upside indicated by Canaccord Genuity

Iofina plc with ticker (LON:IOF) now has a potential upside of 38.4% according to Canaccord Genuity.



Canaccord Genuity set a target price of 40 GBX for the company, which when compared to the Iofina plc share price of 29 GBX at opening today (29/09/2023) indicates a potential upside of 38.4%. Trading has ranged between 19 (52 week low) and 38 (52 week high) with an average of 189,672 shares exchanging hands daily. The market capitalisation at the time of writing is £55,215,827.

Iofina plc is a United Kingdom-based holding company. The Company is a specialist in the exploration and production of iodine and a manufacturer of specialty chemical products. The Company’s principal business is to identify, develop, build, own, and operate iodine extraction plants, focused on North America, based on the Company’s Wellhead Extraction Technology (WET) IOsorb technology. The Company, through its subsidiary, Iofina Resources, Inc., develops, builds, owns, and operates iodine extraction plants using its WET IOsorb technology. The Company, through its subsidiary, Iofina Chemical, Inc., manufactures halogen specialty chemicals derived from raw iodine, as well as non-iodine-based products. Its subsidiary, IofinaEX, Inc., is engaged in the extraction of cannabinoid-based products from hemp. The Company’s production operations are located in the United States, specifically in Kentucky and Oklahoma. Its other subsidiary is Iofina Resources, LLC.