Innovotech (CVE:IOT) Hits New 12-Month High – What’s Next?

Innovotech Inc. (CVE:IOTGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.21 and last traded at C$0.21, with a volume of 1300 shares traded. The stock had previously closed at C$0.18.

Innovotech Stock Performance

The company has a market cap of C$7.02 million, a price-to-earnings ratio of -18.00 and a beta of 1.15. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81. The firm has a fifty day simple moving average of C$0.15 and a 200 day simple moving average of C$0.14.

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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