Imaflex Inc. (CVE:IFX) shares shot up 1.5% on Tuesday . The stock traded as high as C$0.69 and last traded at C$0.69, 2,000 shares changed hands during mid-day trading. A decline of 90% from the average session volume of 19,973 shares. The stock had previously closed at C$0.68.

The company has a current ratio of 1.79, a quick ratio of 0.96 and a debt-to-equity ratio of 44.75. The company has a market cap of $36.01 million and a PE ratio of 8.63. The firm has a fifty day moving average of C$0.63 and a two-hundred day moving average of C$0.59.

Imaflex (CVE:IFX) last posted its earnings results on Wednesday, May 27th. The company reported C$0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.01 by C$0.05. The company had revenue of C$21.03 million for the quarter, compared to analysts’ expectations of C$21.90 million. Sell-side analysts expect that Imaflex Inc. will post 0.06 EPS for the current fiscal year.

About Imaflex (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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