Shares of Kane Biotech Inc. (CVE:KNE – Get Free Report) were down 23.1% on Saturday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 159,625 shares changed hands during trading, an increase of 120% from the average daily volume of 72,560 shares. The stock had previously closed at C$0.07.
Kane Biotech Trading Down 23.1%
The stock has a market capitalization of C$7.20 million, a price-to-earnings ratio of 1.25 and a beta of 0.52. The company has a debt-to-equity ratio of -331.42, a current ratio of 0.80 and a quick ratio of 0.39. The business’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.10.
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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