Innovotech (CVE:IOT) Sets New 1-Year Low – Here’s What Happened

Innovotech Inc. (CVE:IOT) shares hit a new 52-week low on Thursday . The company traded as low as C$0.07 and last traded at C$0.08, with a volume of 19000 shares trading hands. The stock had previously closed at C$0.08.

Innovotech Price Performance

The stock has a market capitalization of C$4.36 million, a P/E ratio of -11.75 and a beta of 2.64. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63. The firm has a fifty day moving average price of C$0.10 and a two-hundred day moving average price of C$0.17.

Innovotech Company Profile

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.