Novo Resources Corp. (NVO.V) (CVE:NVO) Trading Down 0.4% – Here’s Why

Novo Resources Corp. (NVO.V) (CVE:NVO)’s share price was down 0.4% during mid-day trading on Tuesday . The company traded as low as C$2.37 and last traded at C$2.38. Approximately 311,570 shares were traded during trading, an increase of 14% from the average daily volume of 273,252 shares. The stock had previously closed at C$2.39.

Novo Resources Corp. (NVO.V) Stock Down 0.4 %

The stock has a market cap of C$548.24 million and a P/E ratio of -21.25. The company has a quick ratio of 2.57, a current ratio of 2.78 and a debt-to-equity ratio of 11.62. The business has a 50-day simple moving average of C$2.38 and a 200-day simple moving average of C$2.38.

About Novo Resources Corp. (NVO.V)

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States. It primarily explores for gold deposits. The company primarily focuses on the Egina and Beatons Creek projects in the Pilbara region of Western Australia.