Innovotech (CVE:IOT) Reaches New 52-Week Low – What’s Next?

Innovotech Inc. (CVE:IOT) shares hit a new 52-week low on Tuesday . The company traded as low as C$0.11 and last traded at C$0.11, with a volume of 81000 shares. The stock had previously closed at C$0.12.

Innovotech Trading Down 4.3%

The stock’s fifty day moving average price is C$0.17 and its 200 day moving average price is C$0.22. The company has a quick ratio of 5.81, a current ratio of 2.63 and a debt-to-equity ratio of 12.55. The stock has a market cap of C$5.99 million, a PE ratio of -16.16 and a beta of 2.86.

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.