Nova Leap Health (CVE:NLH) Stock Price Up 6.5% – Still a Buy?

Shares of Nova Leap Health Corp. (CVE:NLH) traded up 6.5% during mid-day trading on Wednesday . The company traded as high as C$0.33 and last traded at C$0.33. 19,100 shares were traded during mid-day trading, a decline of 38% from the average session volume of 30,692 shares. The stock had previously closed at C$0.31.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts upgraded Nova Leap Health to a “strong-buy” rating in a report on Friday, August 9th.

Nova Leap Health Trading Up 6.5 %

The firm has a market cap of C$28.45 million, a price-to-earnings ratio of -16.50 and a beta of 1.52. The business has a 50 day moving average of C$0.26 and a 200 day moving average of C$0.28. The company has a quick ratio of 1.13, a current ratio of 1.70 and a debt-to-equity ratio of 6.84.

Nova Leap Health Company Profile

Nova Leap Health Corp., together with its subsidiaries, provides home and home health care services in the United States and Canada. Its services include dementia care, companionship, personal and skilled nursing care, respite care, cooking and meal preparation, bathing, dressing, grooming, housekeeping, errands, transportation, and medication reminders.