Shares of Imaflex Inc. (CVE:IFX – Get Free Report) rose 109.2% on Thursday . The stock traded as high as C$2.30 and last traded at C$2.28. Approximately 640,709 shares traded hands during mid-day 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 Stock Up 109.2%
The business’s 50-day moving average is C$1.13 and its two-hundred day moving average is C$1.21. The firm has a market capitalization of C$118.76 million, a price-to-earnings ratio of 99.13 and a beta of -0.24. The company has a debt-to-equity ratio of 16.73, a quick ratio of 1.68 and a current ratio of 2.85.
About Imaflex
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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