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Noveko stock up sharply, reaching highest price since last summer

Tue, 04/05/2011 - 7:45am
The Associated Press

Noveko International Inc. (TSX:EKO) has seen its stock recover sharply recently, rising nearly 30 per cent Tuesday to hit the highest levels since last summer.

The Montreal-based company stock traded as high as $1 early Tuesday, the highest since July 2010, before falling back later.

Noveko's shares were at 90 cents, up 18 cents, at midmorning.

The company said Monday that HTS New York will incorporate Noveko filtration systems into its heating-cooling offerings under a three-year partnership.

In addition to filtration systems, Noveko makes medical equipment, sanitizers, and microbial face masks.

Noveko has had difficulty turning a profit recently, reporting in February that its second-quarter loss shrank to $2.93 million.

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