Innovotech (CVE:IOT) Share Price Crosses Above 50-Day Moving Average – Here’s What Happened

Innovotech Inc. (CVE:IOT)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.25 and traded as high as C$0.27. Innovotech shares last traded at C$0.27, with a volume of 2,000 shares.

Innovotech Stock Up 8.0%

The business has a 50-day simple moving average of C$0.25 and a 200-day simple moving average of C$0.24. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63. The company has a market cap of C$14.04 million, a price-to-earnings ratio of 49.23 and a beta of 2.39.

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.