Innovotech (CVE:IOT) Sets New 1-Year Low – What’s Next?

Innovotech Inc. (CVE:IOTGet Free Report)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$0.10 and last traded at C$0.10, with a volume of 10000 shares changing hands. The stock had previously closed at C$0.10.

Innovotech Stock Down 4.8%

The stock has a market cap of C$5.44 million, a P/E ratio of -14.69 and a beta of 2.62. The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55. The firm’s fifty day moving average is C$0.15 and its 200 day moving average is C$0.21.

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. 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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