Kane Biotech (CVE:KNE) Sets New 1-Year Low – Time to Sell?

Kane Biotech Inc. (CVE:KNEGet Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as C$0.03 and last traded at C$0.03, with a volume of 1800 shares. The stock had previously closed at C$0.03.

Kane Biotech Price Performance

The company has a quick ratio of 0.39, a current ratio of 0.45 and a debt-to-equity ratio of -135.17. The business has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The firm has a market capitalization of C$6.15 million, a PE ratio of -3.00 and a beta of 0.97.

About Kane Biotech

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Kane Biotech Inc, a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface polysaccharide poly-b-1, 6-N-acetylglucosamine for treating wounds and otic infections. It offers revyve, an antimicrobial wound gel; and shampoos, shampoo bars, and scalp detoxifiers under the DermaKB brand.

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