Innovotech Inc. (CVE:IOT – Get Free Report) traded up 25% on Wednesday. The stock traded as high as C$0.07 and last traded at C$0.07. 163,000 shares changed hands during trading, an increase of 249% from the average daily volume of 46,647 shares. The stock had previously closed at C$0.06.
Innovotech Trading Up 25.0%
The business’s 50-day moving average is C$0.07 and its two-hundred day moving average is C$0.13. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63. The stock has a market capitalization of C$4.08 million, a PE ratio of -5.35 and a beta of 3.12.
Innovotech Company Profile
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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