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

Imaflex Inc. (CVE:IFXGet Free Report) traded up 109.2% during mid-day trading on Friday . The stock traded as high as C$2.30 and last traded at C$2.28. 640,709 shares changed hands during mid-day 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 Up 109.2%

The company has a market cap 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 quick ratio of 1.68 and a current ratio of 2.85. The stock’s fifty day moving average is C$1.13 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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