Shares of Imaflex Inc. (CVE:IFX – Get Free Report) were up 109.2% during trading on Thursday . The stock traded as high as C$2.30 and last traded at C$2.28. Approximately 139,909 shares changed hands during mid-day trading, an increase of 559% from the average daily volume of 21,246 shares. The stock had previously closed at C$1.09.
Imaflex Price Performance
The stock has a market cap 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 current ratio of 2.85 and a quick ratio of 1.68. The stock’s 50 day simple moving average is C$1.11 and its two-hundred day simple moving average is C$1.21.
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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