Kane Biotech (CVE:KNE) Trading 28.6% Higher – Here’s What Happened

Kane Biotech Inc. (CVE:KNE)’s stock price was up 28.6% during mid-day trading on Friday . The stock traded as high as C$0.05 and last traded at C$0.05. Approximately 1,505,028 shares traded hands during trading, an increase of 380% from the average daily volume of 313,629 shares. The stock had previously closed at C$0.04.

Kane Biotech Price Performance

The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of -331.42. The stock has a market cap of C$7.53 million, a P/E ratio of -0.56 and a beta of 0.60. The firm has a 50 day moving average price of C$0.04 and a 200 day moving average price of C$0.04.

About Kane Biotech

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. It offers revyve, an antimicrobial wound gel; and shampoos, shampoo bars, and scalp detoxifiers under the DermaKB brand.