Shares of Imaflex Inc. (CVE:IFX – Get Free Report) rose 109.2% during trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.28. Approximately 137,109 shares changed hands during mid-day trading, an increase of 545% from the average daily volume of 21,246 shares. The stock had previously closed at C$1.09.
Imaflex Stock Performance
The stock 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 current ratio of 2.85 and a quick ratio of 1.68. The stock has a 50-day moving average of C$1.11 and a 200 day moving average of 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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