Innovotech (CVE:IOT) Trading 20.5% Higher – Here’s Why

Innovotech Inc. (CVE:IOTGet Free Report)’s share price traded up 20.5% on Monday . The company traded as high as C$0.27 and last traded at C$0.27. 285,375 shares changed hands during mid-day trading, an increase of 289% from the average session volume of 73,408 shares. The stock had previously closed at C$0.22.

Innovotech Price Performance

The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55. The company has a market capitalization of C$10.92 million, a PE ratio of -28.00 and a beta of 1.15. The stock’s 50-day moving average is C$0.15 and its two-hundred day moving average is C$0.17.

About Innovotech

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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.

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