Identillect Technologies (CVE:ID) Shares Down 50% – Here’s What Happened

Identillect Technologies Corp. (CVE:ID)’s share price was down 50% during mid-day trading on Tuesday . The company traded as low as C$0.01 and last traded at C$0.01. Approximately 425,000 shares changed hands during trading, an increase of 50% from the average daily volume of 284,053 shares. The stock had previously closed at C$0.01.

Identillect Technologies Price Performance

The firm has a market cap of C$2.94 million, a P/E ratio of -0.50 and a beta of 0.69. The company’s 50-day simple moving average is C$0.01 and its 200 day simple moving average is C$0.01.

Identillect Technologies Company Profile

Identillect Technologies Corp. develops an email encryption software solution. It offers Delivery Trust, an email encryption technology that targets organizations of various sizes, as well as individuals, including medical professionals, insurance companies, accountants, lawyers, real estate agents, and educators in the United States and Mexico.