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

Novo Resources Corp. (NVO.V) (CVE:NVO) shares were 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 traded 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 business’s fifty day moving average price is C$2.38 and its 200 day moving average price is C$2.38. The firm has a market capitalization of C$548.24 million and a price-to-earnings ratio of -21.25. The company has a current ratio of 2.78, a quick ratio of 2.57 and a debt-to-equity ratio of 11.62.

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.