Innovotech (CVE:IOT) Stock Price Up 22.7% – Time to Buy?

Innovotech Inc. (CVE:IOTGet Free Report) shares were up 22.7% during mid-day trading on Tuesday . The stock traded as high as C$0.27 and last traded at C$0.27. Approximately 386,375 shares traded 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 Stock Performance

The company has a market capitalization of C$10.53 million, a P/E ratio of -27.00 and a beta of 1.15. 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 company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81.

Innovotech Company Profile

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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.

Further Reading

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