NowVertical Group (CVE:NOW) Shares Down 26.4% – Should You Sell?

Shares of NowVertical Group Inc. (CVE:NOW) fell 26.4% during trading on Friday . The stock traded as low as C$0.29 and last traded at C$0.39. 2,146,843 shares traded hands during mid-day trading, an increase of 1,464% from the average session volume of 137,269 shares. The stock had previously closed at C$0.53.

NowVertical Group Stock Performance

The company has a market cap of C$23.28 million, a PE ratio of -12.88 and a beta of 1.54. The company’s 50-day simple moving average is C$0.57 and its 200 day simple moving average is C$0.53.

Insiders Place Their Bets

In other news, Director David Owen Doritty acquired 50,000 shares of NowVertical Group stock in a transaction dated Thursday, June 12th. The shares were acquired at an average cost of C$0.52 per share, for a total transaction of C$26,000.00. Also, Director David Charron acquired 100,000 shares of NowVertical Group stock in a transaction dated Friday, June 20th. The stock was purchased at an average price of C$0.55 per share, for a total transaction of C$55,000.00. Insiders bought a total of 182,774 shares of company stock worth $99,353 over the last 90 days. Company insiders own 30.75% of the company’s stock.

NowVertical Group Company Profile

NowVertical Group Inc, together with its subsidiaries, operates as a big data, analytics, and vertical intelligence company in the United States, Argentina, Brazil, Chile, the United Kingdom, and internationally. The company offers NOW Fusion solution that creates a flexible distributed data processing pipeline; NOW DataBench solutions for data analytics; NOW Privacy solution, which reveals the risk across the entire data estate; and NOW SnowGraph solutions that provides one-to-many graph analytics framework.