Identillect Technologies (CVE:ID) Stock Price Down 50% – Time to Sell?

Identillect Technologies Corp. (CVE:ID)’s share price was down 50% on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 425,000 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 284,053 shares. The stock had previously closed at C$0.01.

Identillect Technologies Price Performance

The business’s 50-day simple moving average is C$0.01 and its two-hundred day simple moving average is C$0.01. The stock has a market cap of C$2.94 million, a price-to-earnings ratio of -0.50 and a beta of 0.69.

Identillect Technologies Company Profile

Identillect Technologies Corp. develops an email encryption software solution. It offers Delivery Trust, an email encryption technology that targets organizations of various sizes, as well as individuals, including medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators in the United States and Mexico.