Iofina plc 41.6% potential upside indicated by Canaccord Genuity

Iofina plc with ticker (LON:IOF) now has a potential upside of 41.6% 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 28 GBX at opening today (18/04/2023) indicates a potential upside of 41.6%. Trading has ranged between 19 (52 week low) and 33 (52 week high) with an average of 268,261 shares exchanging hands daily. The market capitalisation at the time of writing is £54,648,183.

Iofina PLC is a United Kingdom-based holding company. The Company is involved in the exploration and isolation of iodine and the production of specialty chemicals. 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., isolates iodine recovered from the brine produced from oil and gas operations. The Company, through its subsidiary, Iofina Chemical, Inc., is engaged in the production of iodine from brine and the creation and sales of halogen-based chemical derivatives. 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.