Innovotech (CVE:IOT) Stock Passes Above 50 Day Moving Average – Here’s Why

Innovotech Inc. (CVE:IOTGet Free Report)’s stock price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of C$0.19 and traded as high as C$0.20. Innovotech shares last traded at C$0.18, with a volume of 7,000 shares trading hands.

Innovotech Trading Down 14.3 %

The stock has a market cap of C$7.02 million, a PE ratio of -18.00 and a beta of 1.15. 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 fifty day moving average price of C$0.19 and a 200 day moving average price of C$0.16.

About Innovotech

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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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