Shares of Innovotech Inc. (CVE:IOT – Get Free Report) were down 26.2% on Friday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 102,000 shares traded hands during trading, an increase of 75% from the average daily volume of 58,178 shares. The stock had previously closed at C$0.33.
Innovotech Trading Up 4.2%
The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81. The firm has a fifty day simple moving average of C$0.27 and a 200-day simple moving average of C$0.20. The firm has a market cap of C$9.75 million, a P/E ratio of -25.00 and a beta of 1.15.
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.
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