Shares of Innovotech Inc. (CVE:IOT – Get Free Report) rose 22.7% on Monday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 386,375 shares changed hands during mid-day trading, an increase of 411% from the average daily volume of 75,557 shares. The stock had previously closed at C$0.22.
Innovotech Price Performance
The company has a quick ratio of 5.81, a current ratio of 2.63 and a debt-to-equity ratio of 12.55. The company has a fifty day moving average price of C$0.15 and a two-hundred day moving average price of C$0.17. The firm has a market capitalization of C$10.53 million, a price-to-earnings ratio of -27.00 and a beta of 1.15.
About Innovotech
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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