Identillect Technologies (CVE:ID) Shares Down 50% – Here’s Why

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

Identillect Technologies Price Performance

The business has a 50 day moving average price of C$0.01 and a two-hundred day moving average price of C$0.01. The stock has a market cap of C$2.94 million, a P/E 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.