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 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
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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