Imaflex Inc. (CVE:IFX – Get Free Report) shot up 109.2% during mid-day trading on Friday . The stock traded as high as C$2.30 and last traded at C$2.28. 640,709 shares were traded during trading, an increase of 2,583% from the average session volume of 23,883 shares. The stock had previously closed at C$1.09.
Imaflex Stock Performance
The stock has a 50-day simple moving average of C$1.13 and a 200-day simple moving average of 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. The stock has a market cap of C$118.76 million, a PE ratio of 99.13 and a beta of -0.24.
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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