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

Identillect Technologies Corp. (CVE:ID)’s share price was down 50% during trading on Monday . The stock traded as low as C$0.01 and last traded at C$0.01. Approximately 149,000 shares traded hands during trading, a decline of 22% from the average daily volume of 192,053 shares. The stock had previously closed at C$0.01.

Identillect Technologies Price Performance

The company’s fifty day moving average price is C$0.01 and its two-hundred day moving average price is C$0.01. The company has a market cap of C$2.94 million, a price-to-earnings ratio of -0.50 and a beta of 0.69.

About Identillect Technologies

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.