Imaflex (CVE:IFX) Trading 109.2% Higher – Still a Buy?

Imaflex Inc. (CVE:IFXGet Free Report) rose 109.2% during mid-day trading on Thursday . The stock traded as high as C$2.30 and last traded at C$2.28. Approximately 640,709 shares were traded during mid-day trading, an increase of 2,583% from the average daily volume of 23,883 shares. The stock had previously closed at C$1.09.

Imaflex Stock Up 109.2%

The company’s fifty day simple moving average is C$1.11 and its 200-day simple moving average is C$1.21. The firm has a market capitalization 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.

About Imaflex

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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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