Shares of Imaflex Inc. (CVE:IFX – Get Free Report) shot up 109.2% during trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.28. 140,909 shares were traded during mid-day trading, an increase of 563% from the average session volume of 21,261 shares. The stock had previously closed at C$1.09.
Imaflex Trading Up 109.2%
The firm’s 50 day moving average is C$1.11 and its 200 day moving average is C$1.21. The company has a market cap of C$118.76 million, a PE 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
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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