Imaflex (CVE:IFX) Shares Up 109.2% – Should You Buy?

Imaflex Inc. (CVE:IFXGet Free Report)’s share price rose 109.2% during trading on Thursday . The company traded as high as C$2.30 and last traded at C$2.28. Approximately 140,909 shares traded hands during trading, an increase of 563% from the average daily volume of 21,261 shares. The stock had previously closed at C$1.09.

Imaflex Price Performance

The company has a market cap of C$118.76 million, a PE ratio of 99.13 and a beta of -0.24. The business has a 50 day moving average of C$1.11 and a 200 day moving average of C$1.21. 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

(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.

Further Reading

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