Nova Leap Health (CVE:NLH) Reaches New 12-Month High – Still a Buy?

Nova Leap Health Corp. (CVE:NLH) shares hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.44 and last traded at C$0.41, with a volume of 4190 shares trading hands. The stock had previously closed at C$0.42.

Nova Leap Health Stock Performance

The stock has a market capitalization of C$33.18 million, a price-to-earnings ratio of 126.67 and a beta of 1.70. The company has a quick ratio of 1.13, a current ratio of 1.02 and a debt-to-equity ratio of 14.80. The company’s fifty day simple moving average is C$0.38 and its 200 day simple moving average is C$0.34.

Insiders Place Their Bets

In other news, Director R. Wayne Myles purchased 61,000 shares of Nova Leap Health stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of C$0.44 per share, for a total transaction of C$26,840.00. Following the transaction, the director owned 2,446,761 shares of the company’s stock, valued at approximately C$1,076,574.84. The trade was a 2.56% increase in their position. Insiders have bought a total of 168,471 shares of company stock worth $69,930 over the last three months. Corporate insiders own 40.77% of the company’s stock.

Nova Leap Health Company Profile

Nova Leap Health Corp., together with its subsidiaries, provides home and home health care services in the United States and Canada. Its services include dementia care, companionship, personal and skilled nursing care, respite care, cooking and meal preparation, bathing, dressing, grooming, housekeeping, errands, transportation, and medication reminders. The company was incorporated in 2015 and is headquartered in Halifax, Canada.