Imaflex (CVE:IFX) Trading 109.2% Higher – Should You Buy?

by · The Cerbat Gem

Shares of Imaflex Inc. (CVE:IFX – Get Free Report) traded up 109.2% during mid-day trading on Thursday . The stock traded as high as C$2.30 and last traded at C$2.28. 640,709 shares changed hands during 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 business has a fifty day moving average price of C$1.13 and a 200-day moving average price of C$1.21. The company has a quick ratio of 1.68, a current ratio of 2.85 and a debt-to-equity ratio of 16.73. The company has a market cap of C$118.76 million, a P/E ratio of 99.13 and a beta of -0.24.

Imaflex Company Profile

(Get Free Report)

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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