Imaflex (CVE:IFX) Shares Down 10.9% - What's Next?

Imaflex Inc. (CVE:IFX - Get Free Report)'s share price was down 10.9% during mid-day trading on Tuesday . The stock traded as low as C$1.22 and last traded at C$1.23. Approximately 22,011 shares were traded during trading, an increase of 73% from the average daily volume of 12,695 shares. The stock had previously closed at C$1.38.

Imaflex Trading Up 5.7%

The stock has a market cap of C$67.22 million, a price-to-earnings ratio of 11.71 and a beta of 0.35. 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 50 day moving average is C$1.18 and its 200 day moving average is C$1.30.

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.