Kane Biotech (CVE:KNE) Hits New 1-Year Low – Here’s What Happened

Kane Biotech Inc. (CVE:KNEGet Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 40245 shares changing hands. The stock had previously closed at C$0.04.

Kane Biotech Price Performance

The company has a market capitalization of C$4.99 million, a P/E ratio of -0.33 and a beta of 0.23. The business’s 50-day moving average is C$0.04 and its two-hundred day moving average is C$0.04. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of -331.42.

Kane Biotech Company Profile

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Kane Biotech Inc, a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface polysaccharide poly-b-1, 6-N-acetylglucosamine for treating wounds and otic infections.

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