Imaflex Inc. (CVE:IFX – Get Free Report) shares shot up 109.2% during trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.28. 640,709 shares traded hands during mid-day 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 Trading 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 debt-to-equity ratio of 16.73, a quick ratio of 1.68 and a current ratio of 2.85. The business’s 50-day simple moving average is C$1.11 and its 200-day simple moving average is C$1.21.
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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