Shares of Imaflex Inc. (CVE:IFX – Get Free Report) dropped 3.7% during trading on Tuesday . The company traded as low as C$1.30 and last traded at C$1.30. Approximately 19,709 shares changed hands during mid-day trading, an increase of 140% from the average daily volume of 8,199 shares. The stock had previously closed at C$1.35.
Imaflex Stock Down 3.7 %
The business’s 50-day moving average is C$1.40 and its two-hundred day moving average is C$1.42. The firm has a market capitalization 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 quick ratio of 1.68 and a current ratio of 2.85.
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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