Identillect Technologies (CVE:ID) Shares Plummet – Should Investors Act?

On Tuesday, shares of Identillect Technologies Corp. (CVE:ID) experienced a significant decline, dropping by 50% during mid-day trading. The stock hit a low of C$0.01 and remained at that level at the close of trading. During the session, around 163,054 shares were exchanged, marking a 21% increase compared to the average daily trading volume of 134,440 shares.

Market Performance Overview

Currently, Identillect Technologies has a 50-day simple moving average of C$0.01 and a 200-day simple moving average also at C$0.01. The company holds a market capitalization of C$1.47 million with a price-to-earnings (P/E) ratio of -0.50 and a beta of 0.69, indicating relatively low volatility in relation to the overall market.

Company Insights

Identillect Technologies Corp. specializes in developing email encryption solutions. Their main product, Delivery Trust, provides email encryption technology aimed at a range of users, including various organizations, medical professionals, insurance companies, accountants, lawyers, real estate agents, and educational institutions in both the United States and Mexico.

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Identillect, Shares, Trading