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

Shares of Novo Resources Corp. (NVO.V) (CVE:NVO) traded down 0.4% during mid-day trading on Friday . The stock traded as low as C$2.37 and last traded at C$2.38. 311,570 shares traded hands during 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 Performance

The company has a debt-to-equity ratio of 11.62, a quick ratio of 2.57 and a current ratio of 2.78. The stock has a market capitalization of C$548.24 million and a P/E ratio of -21.25. The business has a 50-day moving average price of C$2.38 and a 200 day moving average price of C$2.38.

Novo Resources Corp. (NVO.V) Company Profile

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.