Innovotech Inc. (CVE:IOT – Get Free Report) passed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of C$0.07 and traded as high as C$0.07. Innovotech shares last traded at C$0.07, with a volume of 163,000 shares changing hands.
Innovotech Stock Up 25.0%
The firm has a market cap of C$4.08 million, a price-to-earnings ratio of -5.35 and a beta of 3.12. The stock has a 50-day moving average of C$0.07 and a 200-day moving average of C$0.13. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81.
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. 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.
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