Innovotech Inc. (CVE:IOT – Get Free Report)’s share price dropped 12.5% during trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07. 206,000 shares traded hands during trading, an increase of 331% from the average session volume of 47,756 shares. The stock had previously closed at C$0.08.
Innovotech Stock Down 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 capitalization of C$3.81 million, a PE ratio of -10.28 and a beta of 2.59. The firm’s fifty day moving average is C$0.09 and its 200-day moving average is C$0.16.
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. 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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