Covalon Technologies (CVE:COV) Reaches New 52-Week Low – Here’s What Happened

Covalon Technologies Ltd. (CVE:COV) reached a new 52-week low on Tuesday . The company traded as low as C$1.74 and last traded at C$1.72, with a volume of 4309 shares traded. The stock had previously closed at C$1.74.

Covalon Technologies Trading Down 1.1%

The company has a debt-to-equity ratio of 3.28, a current ratio of 7.27 and a quick ratio of 6.45. The stock’s 50-day moving average is C$2.00 and its two-hundred day moving average is C$2.25. The stock has a market cap of C$47.16 million, a P/E ratio of 24.57 and a beta of 0.50.

About Covalon Technologies

Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of medical products in infection management, advanced wound care, and surgical procedure areas in the United States, Canada, the Middle East, Asia, Latin America, and internationally. The company's platform technologies comprise collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; and antimicrobial silicone adhesive platform, which is used for family of pre and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone providing broad-spectrum antimicrobial activity.