Nova Leap Health (CVE:NLH) Sets New 12-Month High – Here’s Why

Nova Leap Health Corp. (CVE:NLH) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$0.44 and last traded at C$0.44, with a volume of 38500 shares changing hands. The stock had previously closed at C$0.37.

Nova Leap Health Trading Up 18.9%

The company has a market capitalization of C$38.42 million, a P/E ratio of 146.67 and a beta of 1.70. The company has a 50-day simple moving average of C$0.38 and a 200 day simple moving average of C$0.35. The company has a debt-to-equity ratio of 14.80, a quick ratio of 1.13 and a current ratio of 1.02.

Insider Activity

In related news, Director R. Wayne Myles bought 61,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of C$0.44 per share, with a total value of C$26,840.00. Following the completion of the transaction, the director owned 2,446,761 shares of the company’s stock, valued at C$1,076,574.84. The trade was a 2.56% increase in their position. Insiders have acquired a total of 168,471 shares of company stock valued at $69,930 in the last 90 days. Company insiders own 40.77% of the company’s stock.

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.