Identillect Technologies Corp. (CVE:ID) experienced a significant setback on Friday, reaching a new 52-week low of C$0.01 and closing at the same price with a volume of 20,000 shares. This marked a decline from its previous closing price of C$0.01. Despite this, the company’s 50-day simple moving average remains at C$0.01, while its two-hundred day simple moving average is also C$0.01. With a market capitalization of C$1.47 million, a PE ratio of -0.50, and a beta of 0.78, Identillect Technologies is poised to continue its growth as a developing player in the market.
Identillect Technologies specializes in developing email encryption software solutions for organizations and individuals across various industries, including healthcare, insurance, accounting, law, real estate, and education in both the United States and Mexico. As the demand for email security and encryption continues to rise, Identillect Technologies aims to provide innovative solutions that meet the needs of their clients in these fields.
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