Innovotech (CVE:IOT) Hits New 1-Year Low – Here’s What Happened

Innovotech Inc. (CVE:IOT)’s share price 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 97,114 shares trading hands. The stock had previously closed at C$0.07.

Innovotech Price Performance

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 stock has a market cap of C$3.27 million, a P/E ratio of -4.28 and a beta of 3.12. The stock’s fifty day simple moving average is C$0.07 and its 200-day simple moving average is C$0.14.

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.