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

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

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

The firm has a market capitalization of C$548.24 million and a price-to-earnings ratio of -21.25. The company has a debt-to-equity ratio of 11.62, a current ratio of 2.78 and a quick ratio of 2.57. The stock has a fifty day moving average of C$2.38 and a two-hundred day 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.