Kane Biotech Inc. (CVE:KNE – Get Free Report)’s share price fell 13.3% on Friday . The stock traded as low as C$0.06 and last traded at C$0.07. 537,300 shares were traded during trading, an increase of 855% from the average session volume of 56,261 shares. The stock had previously closed at C$0.08.
Kane Biotech Stock Down 7.7%
The company’s 50 day moving average price is C$0.09 and its two-hundred 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. The stock has a market cap of C$8.64 million, a P/E ratio of 1.50 and a beta of 0.52.
Kane Biotech Company Profile
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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