Kane Biotech Inc. (CVE:KNE – Get Free Report) dropped 13.3% during mid-day trading on Friday . The company traded as low as C$0.06 and last traded at C$0.07. Approximately 537,300 shares changed hands during mid-day trading, an increase of 855% from the average daily volume of 56,261 shares. The stock had previously closed at C$0.08.
Kane Biotech Trading Down 7.7%
The stock has a market capitalization of C$8.64 million, a PE ratio of 1.50 and a beta of 0.52. The stock’s 50 day moving average price is C$0.09 and its 200-day moving average price is C$0.10. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of -331.42.
About Kane Biotech
Kane Biotech Inc, a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface polysaccharide poly-b-1, 6-N-acetylglucosamine for treating wounds and otic infections.
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