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Stock Weekly: Covalon Technologies (COV:CAD1.51) tumbles 14% on weak volume

Mar 05, 2021 - News Bites Canadian Markets
Board and Executive Moves-Mergers and Acquisitions-Financial Results-Organizational Restructuring


Covalon Technologies Ltd. (TSXV:COV), Canada's 27th largest Biotechnology company by market cap, has sunk 25.0c (or 14.2%) in the past week to close at CAD1.51, ending a three-week streak of rises. Compared with the S&P/TSX 60 Index which rose 6.4 points (or 0.6%) in the week, this represented a relative price change of -16.4%.

The price ranged between a low of CAD1.68 on Mar 04 and a high of CAD1.76 on Feb 26. In the past week the market cap has plunged...