Innovotech (CVE:IOT) Stock Price Up 20.5% – Still a Buy?

Innovotech Inc. (CVE:IOTGet Free Report) traded up 20.5% during trading on Monday . The company traded as high as C$0.27 and last traded at C$0.27. 374,375 shares traded hands during mid-day trading, an increase of 397% from the average session volume of 75,301 shares. The stock had previously closed at C$0.22.

Innovotech Stock Up 20.5%

The company has a market cap of C$10.34 million, a P/E ratio of -26.50 and a beta of 1.15. The stock has a 50-day moving average of C$0.15 and a 200 day moving average of C$0.17. The company has a debt-to-equity ratio of 12.55, a current ratio of 2.63 and a quick ratio of 5.81.

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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