Innovotech (CVE:IOT) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Shares of Innovotech Inc. (CVE:IOT) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$0.18 and traded as high as C$0.20. Innovotech shares last traded at C$0.19, with a volume of 3,000 shares changing hands.

Innovotech Stock Performance

The business’s fifty day moving average is C$0.18 and its two-hundred day moving average is C$0.15. 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 capitalization of C$7.41 million, a PE ratio of -19.00 and a beta of 1.15.

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.