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Stock Weekly: Covalon Technologies (COV:CAD1.47) falls for a second consecutive week, a two-week fall of 16.5%

Mar 12, 2021 - News Bites Canadian Markets
Board and Executive Moves-Mergers and Acquisitions-Financial Results-Organizational Restructuring


Covalon Technologies Ltd. (TSXV:COV), Canada's 28th largest Biotechnology company by market cap, has fallen 4.0c (or 2.6%) to close at CAD1.47. The stock fell for a second consecutive week on Friday bringing its two-week fall to 29.0c or 16.5%. Compared with the S&P/TSX 60 Index which rose 48.3 points (or 4.5%) in the two weeks, this represented a relative price change of -21.0%.

The price ranged between a low of CAD1.46 on Mar 11 and a high of CAD1.55 o...