Imaflex (CVE:IFX) Stock Price Up 109.2% – Here’s What Happened

Imaflex Inc. (CVE:IFXGet 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 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 Stock Up 109.2%

The company 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 current ratio of 2.85, a quick ratio of 1.68 and a debt-to-equity ratio of 16.73. The company has a 50-day moving average of C$1.13 and a 200-day moving average of C$1.21.

Imaflex Company Profile

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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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