Innovotech (CVE:IOT) Hits New 1-Year Low – Here’s What Happened
by Tristan Rich · The Markets DailyInnovotech Inc. (CVE:IOT – Get Free Report)’s stock price hit a new 52-week low during trading on Thursday. The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 156000 shares traded. The stock had previously closed at C$0.07.
Innovotech Trading Down 7.1%
The business has a fifty day moving average of C$0.08 and a two-hundred day moving average of C$0.12. The firm has a market cap of C$3.54 million, a price-to-earnings ratio of -4.64 and a beta of 2.52. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63.
Innovotech Company Profile
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.