Imaflex Inc. (CVE:IFX – Get Free Report)’s stock price rose 109.2% on Thursday . The company traded as high as C$2.30 and last traded at C$2.28. Approximately 390,909 shares changed hands during mid-day trading, an increase of 1,738% from the average daily volume of 21,266 shares. The stock had previously closed at C$1.09.
Imaflex Stock Up 109.2%
The company has a market cap of C$118.76 million, a price-to-earnings ratio of 99.13 and a beta of -0.24. The business has a 50-day simple moving average of C$1.11 and a two-hundred day simple moving average of C$1.21. The company has a quick ratio of 1.68, a current ratio of 2.85 and a debt-to-equity ratio of 16.73.
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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