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

Novo Resources Corp. (NVO.V) (CVE:NVO)’s share price fell 0.4% during mid-day trading on Monday . The company 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 Performance

The stock’s 50-day moving average price is C$2.38 and its 200-day moving average price is C$2.38. The company has a market capitalization 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.

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.