Imaflex (CVE:IFX) Sets New 1-Year High – Here’s What Happened

Imaflex Inc. (CVE:IFX)’s share price hit a new 52-week high on Wednesday . The stock traded as high as C$2.34 and last traded at C$2.34, with a volume of 1401 shares trading hands. The stock had previously closed at C$2.31.

Imaflex Trading Up 1.3%

The business has a fifty day moving average of C$2.15 and a 200-day moving average of C$1.51. The stock has a market capitalization of C$121.89 million, a price-to-earnings ratio of 101.74 and a beta of -0.26. 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

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. The company primarily operates under the Shine N’ Ripe XL and ADVASEAL brand names.