Innovotech (CVE:IOT) Stock Price Up 26.7% – Here’s What Happened

Innovotech Inc. (CVE:IOTGet Free Report) shares traded up 26.7% during trading on Thursday . The company traded as high as C$0.22 and last traded at C$0.19. 874,000 shares were traded during trading, an increase of 1,162% from the average session volume of 69,281 shares. The stock had previously closed at C$0.15.

Innovotech Trading Up 26.7%

The company has a quick ratio of 5.81, a current ratio of 2.63 and a debt-to-equity ratio of 12.55. The firm has a market cap of C$7.41 million, a price-to-earnings ratio of -19.00 and a beta of 1.15. The business has a 50 day moving average of C$0.14 and a 200 day moving average of C$0.16.

Innovotech Company Profile

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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.

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