Novo Resources (NVO) Sets New 52-Week Low at $1.95

Novo Resources Corp (CVE:NVO) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as C$1.95 and last traded at C$2.03, with a volume of 159812 shares trading hands. The stock had previously closed at C$2.02.

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About Novo Resources (CVE:NVO)

Novo Resources Corp., together with its subsidiaries, evaluates, acquires, and explores for gold properties in Canada, Australia, and the United States. The company holds 100% interests in the Beatons Creek Paleoplacer gold project comprising 20 mining leases, exploration tenements, and tenement applications covering approximately 560 square kilometers; and the Karratha gold project covering approximately 6,021 square kilometers of mineral rights in the Karratha region.

Further Reading: How Do You Calculate Return on Equity (ROE)?

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