Innovotech (CVE:IOT) Reaches New 1-Year Low – Here’s Why

Innovotech Inc. (CVE:IOT)’s stock price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as C$0.07 and last traded at C$0.07, with a volume of 25544 shares. The stock had previously closed at C$0.08.

Innovotech Price Performance

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’s 50 day simple moving average is C$0.08 and its 200 day simple moving average is C$0.12. The company has a market capitalization of C$3.81 million, a PE ratio of -5.00 and a beta of 2.52.

Innovotech Company Profile

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.