Covalon Technologies (CVE:COV) Trading Up 1.7% - Here's Why

Covalon Technologies Ltd. (CVE:COV - Get Free Report) shares rose 1.7% on Wednesday . The company traded as high as C$2.43 and last traded at C$2.43. Approximately 1,243 shares changed hands during mid-day trading, a decline of 96% from the average daily volume of 31,057 shares. The stock had previously closed at C$2.39.

Covalon Technologies Stock Performance

The company has a debt-to-equity ratio of 3.28, a current ratio of 7.27 and a quick ratio of 6.45. The stock's 50 day simple moving average is C$2.43 and its two-hundred day simple moving average is C$2.86. The stock has a market cap of C$66.58 million, a P/E ratio of 27.89 and a beta of 0.64.

About Covalon Technologies

Covalon Technologies Ltd. engages in the research, development, manufacturing, and marketing of medical products in infection management, advanced wound care, and surgical procedure areas in the United States, Canada, the Middle East, Asia, Latin America, and internationally. The company's platform technologies comprise collagen matrix platform that is used to manufacture a family of products to treat chronic and infected wounds, including diabetic ulcers, pressure ulcers, venous ulcers, donor and graft sites, traumatic wounds healing by secondary intention, dehisced surgical wounds, and first and second degree burns; and antimicrobial silicone adhesive platform, which is used for family of pre and post-surgical, and vascular access products that are designed to kill bacteria or yeast that comes into contact with the antimicrobial silicone providing broad-spectrum antimicrobial activity.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.