Innovotech Inc. (CVE:IOT – Get Free Report)’s stock price shot 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 traded hands 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 Price Performance
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 stock’s 50-day moving average price is C$0.14 and its 200-day moving average price is C$0.16. The company has a market capitalization of C$7.41 million, a price-to-earnings ratio of -19.00 and a beta of 1.15.
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.
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