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

by · The Cerbat Gem

Imaflex Inc. (CVE:IFX – Get Free Report)’s share price traded up 109.2% on Thursday . The stock traded as high as C$2.30 and last traded at C$2.28. Approximately 640,709 shares traded 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 Stock Performance

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 firm has a market cap of C$118.76 million, a P/E ratio of 99.13 and a beta of -0.24. The stock’s 50 day moving average is C$1.11 and its two-hundred day moving average is C$1.21.

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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