Imaflex (CVE:IFX) Trading Down 6.6%

Shares of Imaflex Inc. (CVE:IFX) fell 6.6% during mid-day trading on Wednesday . The company traded as low as C$0.57 and last traded at C$0.57, 500 shares were traded during mid-day trading. A decline of 98% from the average session volume of 22,277 shares. The stock had previously closed at C$0.61.

The company has a current ratio of 1.69, a quick ratio of 0.84 and a debt-to-equity ratio of 54.66. The stock’s 50-day simple moving average is C$0.57 and its 200-day simple moving average is C$0.62. The firm has a market capitalization of $26.51 million and a P/E ratio of 15.00.

Imaflex Company Profile (CVE:IFX)

Imaflex Inc, together with its subsidiary, develops, manufactures, and sells flexible packaging materials for consumer, industrial, and agriculture markets in Canada, the United States, and internationally. The company offers agricultural films, including mulch and barrier, compostable, UV-reflective, and intelligent active ingredient films; converter films; industrial products, such as garbage, compostable, and Gaylord bags, as well as bags on roll products; and metalized pest repellency films.

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