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

Novo Resources Corp. (NVO.V) (CVE:NVO) shares fell 0.4% during trading on Tuesday . The stock traded as low as C$2.37 and last traded at C$2.38. 311,570 shares changed hands during 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 business’s fifty day moving average is C$2.38 and its two-hundred day moving average is C$2.38. The stock has a market cap of C$548.24 million and a price-to-earnings ratio of -21.25. The company has a quick ratio of 2.57, a current ratio of 2.78 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.