Covalon Technologies (CVE:COV) Trading Up 6%

Shares of Covalon Technologies Ltd. (CVE:COV) traded up 6% on Monday . The company traded as high as C$3.22 and last traded at C$3.17. 88,192 shares changed hands during trading, an increase of 405% from the average session volume of 17,463 shares. The stock had previously closed at C$2.99.

Covalon Technologies Trading Up 6.0 %

The company has a quick ratio of 6.45, a current ratio of 5.24 and a debt-to-equity ratio of 4.98. The company’s 50 day moving average price is C$2.57 and its two-hundred day moving average price is C$1.85. The firm has a market cap of C$78.20 million, a PE ratio of -79.25 and a beta of 0.64.

Covalon Technologies (CVE:COV) last posted its quarterly earnings results on Wednesday, August 21st. The company reported C$0.06 earnings per share (EPS) for the quarter. Covalon Technologies had a negative return on equity of 3.85% and a negative net margin of 2.82%. The business had revenue of C$9.22 million for the quarter. As a group, sell-side analysts forecast that Covalon Technologies Ltd. will post 0.3 EPS for the current year.

Covalon Technologies Company Profile

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.