Nova Leap Health (CVE:NLH) Trading 23.7% Higher – Here’s Why

Nova Leap Health Corp. (CVE:NLH) shares shot up 23.7% during mid-day trading on Monday . The stock traded as high as C$0.47 and last traded at C$0.47. Approximately 100,120 shares traded hands during trading, an increase of 274% from the average session volume of 26,792 shares. The stock had previously closed at C$0.38.

Nova Leap Health Stock Down 2.1%

The company has a debt-to-equity ratio of 14.80, a current ratio of 1.02 and a quick ratio of 1.13. The business’s 50 day moving average price is C$0.40 and its 200 day moving average price is C$0.36. The firm has a market cap of C$40.16 million, a PE ratio of 153.33 and a beta of 1.69.

Insider Activity at Nova Leap Health

In other news, Director R. Wayne Myles bought 61,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$0.44 per share, for a total transaction of C$26,840.00. Following the completion of the transaction, the director directly owned 2,446,761 shares in the company, valued at C$1,076,574.84. The trade was a 2.56% increase in their position. Insiders purchased a total of 168,471 shares of company stock worth $69,930 over the last ninety days. 40.77% of the stock is owned by corporate 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.