Novo Resources Corp. (NVO.V) (CVE:NVO) Shares Down 0.4% – What’s Next?

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

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

The company has a market cap 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 quick ratio of 2.57 and a current ratio of 2.78. The stock’s fifty day moving average is C$2.38 and its two-hundred day moving average is 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.