Shares of Imaflex Inc. (CVE:IFX – Get Free Report) rose 109.2% during trading on Friday . The company traded as high as C$2.30 and last traded at C$2.28. Approximately 640,709 shares were traded during trading, an increase of 2,583% from the average daily volume of 23,883 shares. The stock had previously closed at C$1.09.
Imaflex Price Performance
The stock has a market capitalization of C$118.76 million, a price-to-earnings ratio of 99.13 and a beta of -0.24. The business’s fifty day moving average price is C$1.13 and its 200-day moving average price is C$1.21. The company has a debt-to-equity ratio of 16.73, a current ratio of 2.85 and a quick ratio of 1.68.
Imaflex Company Profile
Imaflex Inc, together with its subsidiaries, develops, manufactures, and sells flexible packaging materials for industrial and agriculture markets in Canada, the United States, and internationally. It offers metallized plastic films; polyethylene films and bags; agricultural films, including mulch, solarization, fumigation, compostable, and crop protection films; converter films; and industrial bags, such as garbage, compostable, and gaylord bags, as well as bags on rolls.
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