Innovotech (CVE:IOT) Stock Price Crosses Above 50 Day Moving Average – Here’s What Happened

Innovotech Inc. (CVE:IOT)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$0.07 and traded as high as C$0.07. Innovotech shares last traded at C$0.07, with a volume of 163,000 shares traded.

Innovotech Price Performance

The company has a market cap of C$4.90 million, a price-to-earnings ratio of -6.42 and a beta of 3.12. The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55. The company’s 50 day moving average price is C$0.07 and its 200 day moving average price is C$0.13.

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.