Innovotech (CVE:IOT) Stock Crosses Above 200-Day Moving Average – Here’s Why

Innovotech Inc. (CVE:IOTGet Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$0.22 and traded as high as C$0.22. Innovotech shares last traded at C$0.22, with a volume of 34,500 shares.

Innovotech Stock Up 10.0%

The business’s 50 day moving average is C$0.22 and its 200-day moving average is C$0.22. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81. The company has a market cap of C$11.01 million, a PE ratio of 40.12 and a beta of 2.06.

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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