Innovotech Inc. (CVE:IOT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 25544 shares. The stock had previously closed at C$0.08.
Innovotech Trading Down 12.5%
The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81. The business’s 50-day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.12. The stock has a market capitalization of C$3.81 million, a price-to-earnings ratio of -5.00 and a beta of 2.52.
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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