Imaflex (CVE:IFX) Trading Down 6.3% - What's Next?

Key Points

• Imaflex's share price decreased by 6.3% on Monday, dropping to C$1.20, which is lower than its previous closing price of C$1.28.
• The trading volume surged to 89,470 shares, reflecting a 659% increase compared to the average session volume of 11,794 shares.
• Imaflex Inc. specializes in developing and manufacturing flexible packaging materials for industrial and agricultural markets both domestically and internationally.

Imaflex Inc. (CVE:IFX - )'s share price traded down 6.3% during trading on Monday . The company traded as low as C$1.20 and last traded at C$1.20. 89,470 shares were traded during trading, an increase of 659% from the average session volume of 11,794 shares. The stock had previously closed at C$1.28.

Imaflex Price Performance

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 stock has a fifty day moving average of C$1.29 and a 200 day moving average of C$1.25. The stock has a market cap of C$62.05 million, a price-to-earnings ratio of 10.81 and a beta of 0.35.

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.

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