Innovotech Inc. (CVE:IOT – Get Free Report) was up 25% during trading on Wednesday. The company traded as high as C$0.07 and last traded at C$0.07. Approximately 163,000 shares were traded during trading, an increase of 249% from the average daily volume of 46,647 shares. The stock had previously closed at C$0.06.
Innovotech Price Performance
The stock has a fifty day moving average of C$0.07 and a two-hundred day moving average of C$0.13. The stock has a market capitalization of C$4.36 million, a price-to-earnings ratio of -5.71 and a beta of 3.12. The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55.
About Innovotech
Innovotech Inc. provides assay kits used in growing microbial biofilms for research purposes in Canada, the United States, and internationally. The company offers InnovoSIL, a silver periodate antimicrobial compounds for medical applications; MBEC Assay kit, a petri dish for biofilms, which are used for research and medical device testing of microbial biofilms; and AgreGuard, an antimicrobial for crop protection. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services.
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