Innovotech (CVE:IOT) Hits New 12-Month Low – Here’s What Happened

Innovotech Inc. (CVE:IOTGet Free Report)’s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.08, with a volume of 31000 shares traded. The stock had previously closed at C$0.08.

Innovotech Stock Up 12.5%

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 stock has a market cap of C$4.90 million, a P/E ratio of -13.22 and a beta of 2.64. The company’s 50 day moving average price is C$0.11 and its two-hundred day moving average price is C$0.18.

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. It also provides antimicrobial contract research and antimicrobial testing; antimicrobial and anti-biofilm agents; antimicrobial and anti-biofilm materials; BEST assay testing; implanted medical devices; bacteriophage testing; and analytical services.

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