It Seems Imaflex Inc. Will Go Down. Have Another Big Decline

 It Seems Imaflex Inc. Will Go Down. Have Another Big Decline

The stock of Imaflex Inc. (CVE:IFX) is a huge mover today! About 35,000 shares traded hands. Imaflex Inc. (CVE:IFX) has risen 6.00% since October 26, 2016 and is uptrending. It has outperformed by 0.59% the S&P500.
The move comes after 6 months negative chart setup for the $19.90M company. It was reported on Nov, 25 by Barchart.com. We have $0.35 PT which if reached, will make CVE:IFX worth $1.79 million less.

More news for Imaflex Inc. (CVE:IFX) were recently published by: Plasticsnews.com, which released: “Imaflex buys rights to Advaseal mulch films” on December 05, 2014. Reuters.com‘s article titled: “BRIEF-Imaflex says CEO Joe Abbandonato to go on medical leave” and published on June 21, 2016 is yet another important article.

Imaflex Inc. specializes in the manufacturing and sale of polyethylene films. The company has a market cap of $19.90 million. The principal activities of the Company and its subsidiary consist in the manufacture and sale of products for the packaging industry, including polyethylene film and bags, as well as the metallization of plastic film for the plasticulture and packaging industries. It has a 17.63 P/E ratio. The Firm operates through the segment of development, manufacture and sale of packaging material in the form of film or bags for various uses.

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