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

Shares of Novo Resources Corp. (NVO.V) (CVE:NVO) were down 0.4% during trading on Tuesday . The stock 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) Trading Down 0.4 %

The firm has a market capitalization of C$548.24 million and a price-to-earnings ratio of -21.25. The business’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 debt-to-equity ratio of 11.62, a current ratio of 2.78 and a quick ratio of 2.57.

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.