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

Novo Resources Corp. (NVO.V) (CVE:NVO) dropped 0.4% during mid-day trading on Tuesday . The company traded as low as C$2.37 and last traded at C$2.38. Approximately 311,570 shares changed hands during mid-day 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) Price Performance

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 stock has a market capitalization of C$548.24 million and a price-to-earnings ratio of -21.25. The stock’s 50 day simple moving average is C$2.38 and its 200-day simple moving average is C$2.38.

About Novo Resources Corp. (NVO.V)

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.