Innovotech Inc. (CVE:IOT – Get Free Report) fell 41% on Wednesday . The company traded as low as C$0.11 and last traded at C$0.12. 591,310 shares changed hands during trading, an increase of 1,389% from the average session volume of 39,725 shares. The stock had previously closed at C$0.20.
Innovotech Stock Performance
The stock has a 50-day simple moving average of C$0.19 and a 200-day simple moving average of C$0.23. The company has a market capitalization of C$6.53 million, a price-to-earnings ratio of 65.04 and a beta of 2.86. The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55.
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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