Imaflex (CVE:IFX) Shares Up 6.3% - What's Next?

Key Points

• Imaflex Inc. shares increased by 6.3%, reaching a trading price of C$1.34, but the trading volume was significantly lower than average, with around 4,000 shares traded compared to an average of 11,428.
• The company has a market capitalization of C$69.29 million and shows strong financial ratios including a current ratio of 2.85 and a low debt-to-equity ratio of 16.73.
• Imaflex specializes in producing flexible packaging materials for various industries, including agricultural films and industrial bags, serving markets in Canada, the United States, and internationally.

Shares of Imaflex Inc. (CVE:IFX - Get Free Report) traded up 6.3% during mid-day trading on Tuesday . The stock traded as high as C$1.34 and last traded at C$1.34. 4,000 shares traded hands during trading, a decline of 65% from the average session volume of 11,428 shares. The stock had previously closed at C$1.26.

Imaflex Stock Performance

The company has a current ratio of 2.85, a quick ratio of 1.68 and a debt-to-equity ratio of 16.73. The company has a 50-day moving average of C$1.29 and a 200-day moving average of C$1.25. The firm has a market capitalization of C$66.18 million, a price-to-earnings ratio of 11.53 and a beta of 0.35.

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.