Innovotech (CVE:IOT) Reaches New 52-Week Low – Here’s Why

Innovotech Inc. (CVE:IOTGet Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as C$0.07 and last traded at C$0.07, with a volume of 55474 shares changing hands. The stock had previously closed at C$0.07.

Innovotech Trading Up 13.3%

The firm has a market cap of C$4.63 million, a P/E ratio of -12.49 and a beta of 2.59. 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 company’s fifty day moving average price is C$0.09 and its two-hundred day moving average price is C$0.17.

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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