Nova Leap Health (CVE:NLH) Stock Price Up 11.1% – Should You Buy?

Nova Leap Health Corp. (CVE:NLH) shares shot up 11.1% on Wednesday . The company traded as high as C$0.44 and last traded at C$0.40. 116,510 shares changed hands during trading, an increase of 397% from the average session volume of 23,439 shares. The stock had previously closed at C$0.36.

Nova Leap Health Stock Performance

The company has a current ratio of 1.02, a quick ratio of 1.13 and a debt-to-equity ratio of 14.80. The firm has a 50-day moving average of C$0.37 and a 200-day moving average of C$0.33. The stock has a market capitalization of C$34.93 million, a price-to-earnings ratio of 133.33 and a beta of 1.96.

Insiders Place Their Bets

In other news, Director R. Wayne Myles acquired 61,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of C$0.44 per share, with a total value of C$26,840.00. Following the completion of the acquisition, the director owned 2,446,761 shares of the company’s stock, valued at approximately C$1,076,574.84. This trade represents a 2.56% increase in their ownership of the stock. In the last quarter, insiders bought 168,471 shares of company stock worth $69,930. 40.77% of the stock is currently owned by insiders.

About Nova Leap Health

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. The company was incorporated in 2015 and is headquartered in Halifax, Canada.