IN BRIEF: Iofina appoints Chrystal Capital to help with growth


Iofina PLC - London-based iodine producer - Appoints Chrystal Capital Partners LLP as financial advisory partner.

‘Chrystal Capital will be providing strategic advice on the company's approach to the equity markets and business growth, including helping to engage with new investment funds, single family offices, and ultra-high net worth Individuals,’ it explains.

Company seeking out ‘business partnerships’ to help growth, which it hopes Chrystal can offer support.

It adds: ‘With spot iodine prices recently reaching $70 per kilogramme and demand high for iodine derivatives, market conditions are in Iofina's favour. Debt has been significantly reduced, and with five iodine productions plants in operation and vertical integration into iodine derivatives through Iofina Chemical, along with plans for additional iodine plants, the company is in its strongest ever position.’

Current stock price: 21.99 pence, up 1.1% on Monday

12-month change: up 54%

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