Innovotech (CVE:IOT) Stock Price Passes Above Fifty Day Moving Average – Here’s Why

Shares of Innovotech Inc. (CVE:IOTGet Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.14 and traded as high as C$0.14. Innovotech shares last traded at C$0.14, with a volume of 22,621 shares changing hands.

Innovotech Stock Up 3.7 %

The company has a current ratio of 2.63, a quick ratio of 5.81 and a debt-to-equity ratio of 12.55. The firm has a market cap of C$5.46 million, a PE ratio of -14.00 and a beta of 1.15. The stock has a fifty day simple moving average of C$0.14 and a two-hundred day simple moving average of C$0.12.

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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