Imaflex (CVE:IFX) Trading Up 109.2% – Here’s Why

Imaflex Inc. (CVE:IFXGet Free Report)’s share price was 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. Approximately 640,709 shares changed 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 Price Performance

The company has a fifty day simple moving average of C$1.13 and a 200-day simple moving average of C$1.21. The company has a market cap of C$118.76 million, a P/E 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.

Imaflex Company Profile

(Get Free Report)

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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