Innovotech (CVE:IOT) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Innovotech Inc. (CVE:IOTGet Free Report) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$0.22 and traded as high as C$0.24. Innovotech shares last traded at C$0.24, with a volume of 10,620 shares changing hands.

Innovotech Trading Up 9.1%

The company has a fifty day simple moving average of C$0.22 and a 200-day simple moving average of C$0.23. The stock has a market cap of C$12.01 million, a price-to-earnings ratio of 43.76 and a beta of 2.34. The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55.

About Innovotech

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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.

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