Imaflex (CVE:IFX) Shares Up 21.1%

Imaflex Inc. (CVE:IFXGet Free Report) shares rose 21.1% during trading on Wednesday . The company traded as high as C$0.92 and last traded at C$0.92. Approximately 162,866 shares traded hands during trading, an increase of 497% from the average daily volume of 27,300 shares. The stock had previously closed at C$0.76.

Imaflex Trading Up 21.1 %

The business has a 50 day moving average of C$0.77 and a 200 day moving average of C$0.81. The firm has a market cap of C$47.92 million, a price-to-earnings ratio of 76.00 and a beta of 0.41. The company has a quick ratio of 1.68, a current ratio of 1.97 and a debt-to-equity ratio of 20.43.

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 plastic films; 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 roll products.

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