Iofina delivers bullish update; latest plant progressing to plan
IO#7 is on time and within budget, the company said
Company
LON:IOF
Iofina plc is a vertically integrated company that specializes in the exploration and production of iodine and the manufacturing of specialty chemical derivatives. Through its commitment to technology development and investing in its people, the company successfully services markets around the globe via its business lines, Iofina Resources and Iofina Chemical.
248 stories · page 8 of 13
IO#7 is on time and within budget, the company said
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
A look at some of the top risers and fallers in London today
The group produced more iodine than expected and began implementing management's strategic expansion plans
The UK benchmark finished the day at 7,538, up 30.38 points
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Spot prices have risen 25% to US$24 per kg since the start of the year and continue to head north, the group said.
Shares in the AIM-listed group soared 20% higher on Tuesday after it said the new IO#7 plant will be based around its existing IO#3 operations in Oklahoma - hitherto Iofina’s highest cost per kilo plant
Archive
A glance at some of the day's highlights from the Proactive Investors newswire
Some of the main news-driven risers and fallers at 3.30pm...
Iofina is to build a new iodine plant in Oklahoma as part of ongoing plans to boost production and reduce costs
Archive
A glance at some of the stories on the Proactive newswire today...
The group said output was 235.5 metric tonnes (MT) of crystalline iodine from its Oklahoma plants
The Footsie closed down on the day but up on the week
Archive
A look at the week in the small cap oil and gas sector
Archive
A glance at the smallcap stories on the Proactive newswire today
A look at some of the biggest London-listed risers and fallers today
The firm weathered lower iodine prices and more red tape that wiped out some of its competitors in 2016
Concerns over "the Donald" appear to be easing, and investors took the opportunity to return to equity markets