Innovotech (CVE:IOT) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Innovotech Inc. (CVE:IOTGet Free Report)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$0.18 and traded as high as C$0.20. Innovotech shares last traded at C$0.20, with a volume of 10,000 shares changing hands.

Innovotech Price Performance

The company has a market cap of C$7.61 million, a P/E ratio of -19.50 and a beta of 1.15. The stock has a 50-day simple moving average of C$0.18 and a 200 day simple moving average of C$0.16. The company has a debt-to-equity ratio of 12.55, a quick ratio of 5.81 and a current ratio of 2.63.

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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