Nova Leap Health (CVE:NLH) Sets New 1-Year High – What’s Next?

Nova Leap Health Corp. (CVE:NLH)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$0.44 and last traded at C$0.44, with a volume of 50600 shares changing hands. The stock had previously closed at C$0.41.

Nova Leap Health Stock Up 7.3%

The business’s 50-day moving average price is C$0.37 and its 200-day moving average price is C$0.33. 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 firm has a market capitalization of C$38.42 million, a PE ratio of 146.67 and a beta of 1.96.

Insider Buying and Selling

In related news, Director R. Wayne Myles acquired 61,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were purchased at an average price of C$0.44 per share, for a total transaction of C$26,840.00. Following the purchase, the director owned 2,446,761 shares in the company, valued at C$1,076,574.84. This represents a 2.56% increase in their ownership of the stock. Insiders have purchased 168,471 shares of company stock worth $69,930 over the last quarter. Insiders own 40.77% of the company’s stock.

About Nova Leap Health

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.