Kane Biotech Inc. (CVE:KNE – Get Free Report)’s share price shot up 28.6% on Saturday . The company traded as high as C$0.05 and last traded at C$0.05. 1,505,028 shares traded hands during mid-day trading, an increase of 380% from the average session volume of 313,629 shares. The stock had previously closed at C$0.04.
Kane Biotech Trading Up 28.6%
The stock has a market cap of C$7.53 million, a PE ratio of -0.56 and a beta of 0.60. The firm has a 50-day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a quick ratio of 0.39, a current ratio of 0.80 and a debt-to-equity ratio of -331.42.
About Kane Biotech
Kane Biotech Inc, a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface polysaccharide poly-b-1, 6-N-acetylglucosamine for treating wounds and otic infections. It offers revyve, an antimicrobial wound gel; and shampoos, shampoo bars, and scalp detoxifiers under the DermaKB brand.
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