Nova Leap Health (CVE:NLH) Sets New 52-Week High – Still a Buy?

Nova Leap Health Corp. (CVE:NLH) hit a new 52-week high on Tuesday . The stock traded as high as C$0.44 and last traded at C$0.44, with a volume of 6510 shares changing hands. The stock had previously closed at C$0.43.

Nova Leap Health Stock Up 1.1%

The company has a quick ratio of 1.13, a current ratio of 1.02 and a debt-to-equity ratio of 14.80. The stock has a 50-day simple moving average of C$0.39 and a 200-day simple moving average of C$0.36. The firm has a market capitalization of C$38.42 million, a PE ratio of 146.67 and a beta of 1.69.

Insider Buying and Selling

In other Nova Leap Health news, Director R. Wayne Myles acquired 61,000 shares of Nova Leap Health stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$0.44 per share, for a total transaction of C$26,840.00. Following the purchase, the director owned 2,446,761 shares of the company’s stock, valued at approximately C$1,076,574.84. This represents a 2.56% increase in their ownership of the stock. Over the last ninety days, insiders have purchased 168,471 shares of company stock valued at $69,930. 40.77% of the stock is currently owned by company insiders.

Nova Leap Health Company Profile

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.