Imaflex (CVE:IFX) Stock Price Up 109.2% – Time to Buy?

Imaflex Inc. (CVE:IFXGet Free Report) shares rose 109.2% on Thursday . The company 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 daily volume of 23,883 shares. The stock had previously closed at C$1.09.

Imaflex Stock Up 109.2%

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 business’s fifty day moving average price is C$1.11 and its two-hundred day moving average price is C$1.21. The stock has a market capitalization of C$118.76 million, a PE ratio of 99.13 and a beta of -0.24.

About Imaflex

(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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