Innovotech (CVE:IOT) Reaches New 52-Week High – Should You Buy?

Innovotech Inc. (CVE:IOTGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$0.19 and last traded at C$0.19, with a volume of 88500 shares changing hands. The stock had previously closed at C$0.15.

Innovotech Stock Performance

The company’s fifty day simple moving average is C$0.14 and its 200 day simple moving average is C$0.13. 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 stock has a market capitalization of C$6.83 million, a P/E ratio of -17.50 and a beta of 1.15.

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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