Kane Biotech (CVE:KNE) Trading 20% Higher – Here’s What Happened

Kane Biotech Inc. (CVE:KNE) shot up 20% during mid-day trading on Thursday . The company traded as high as C$0.03 and last traded at C$0.03. 157,000 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 163,535 shares. The stock had previously closed at C$0.03.

Kane Biotech Stock Up 20.0%

The company has a current ratio of 0.45, a quick ratio of 0.39 and a debt-to-equity ratio of -135.17. The business has a 50-day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The firm has a market cap of C$6.15 million, a P/E ratio of -3.00 and a beta of 1.05.

Kane Biotech Company Profile

Kane Biotech Inc, a biotechnology company, engages in the research, development, and commercialization of technologies and products that prevent and remove microbial biofilms in Canada and internationally. The company develops its products using coactiv+ technology, an antimicrobial wound gel platform; and DispersinB technology, a naturally occurring enzyme that cleaves the bacterial surface polysaccharide poly-b-1, 6-N-acetylglucosamine for treating wounds and otic infections. It offers revyve, an antimicrobial wound gel; and shampoos, shampoo bars, and scalp detoxifiers under the DermaKB brand.