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

Novo Resources Corp. (NVO.V) (CVE:NVO) fell 0.4% during trading on Wednesday . 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 company has a debt-to-equity ratio of 11.62, a current ratio of 2.78 and a quick ratio of 2.57. The firm has a market cap of C$548.24 million and a price-to-earnings ratio of -21.25. The firm 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.