Imaflex (CVE:IFX) Shares Up 5.3% - Here's Why

Key Points

• Imaflex Inc. shares rose by 5.3%, trading at C$1.20 during mid-day on Monday, despite a significant decline in trading volume.
• The company has a market capitalization of C$62.51 million, a P/E ratio of 27.91, and strong liquidity ratios including a quick ratio of 1.68.
• Imaflex specializes in developing and manufacturing flexible packaging materials for various markets, including agriculture and industrial sectors.

Imaflex Inc. (CVE:IFX - ) rose 5.3% during mid-day trading on Monday . The company traded as high as C$1.20 and last traded at C$1.20. Approximately 2,300 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 21,080 shares. The stock had previously closed at C$1.14.

Imaflex Price Performance

The company has a quick ratio of 1.68, a current ratio of 2.85 and a debt-to-equity ratio of 16.73. The company's fifty day moving average price is C$1.20 and its 200 day moving average price is C$1.22. The company has a market capitalization of C$62.51 million, a P/E ratio of 27.91 and a beta of -0.22.

Imaflex Company Profile

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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