Novo Resources Corp. (NVO.V) (CVE:NVO) Trading Down 0.4% – Time to Sell?

Novo Resources Corp. (NVO.V) (CVE:NVO) shares traded down 0.4% during trading on Tuesday . The stock traded as low as C$2.37 and last traded at C$2.38. 311,570 shares were traded 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) Trading Down 0.4 %

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

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.