Innovotech (CVE:IOT) Trading Up 11.1% – Still a Buy?

Innovotech Inc. (CVE:IOTGet Free Report)’s share price rose 11.1% on Monday . The stock traded as high as C$0.20 and last traded at C$0.20. Approximately 10,000 shares were traded during mid-day trading, an increase of 158% from the average daily volume of 3,880 shares. The stock had previously closed at C$0.18.

Innovotech Stock 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 firm has a market cap of C$7.80 million, a PE ratio of -20.00 and a beta of 1.15. The firm’s 50 day moving average price is C$0.18 and its two-hundred day moving average price is C$0.15.

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.

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