Innovotech Inc. (CVE:IOT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 156000 shares changing hands. The stock had previously closed at C$0.07.
Innovotech Stock Down 7.1%
The stock has a market cap of C$3.54 million, a price-to-earnings ratio of -4.64 and a beta of 2.52. The firm’s 50 day moving average is C$0.08 and its two-hundred day moving average is C$0.12. 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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