Nova Leap Health (CVE:NLH) Trading Down 2% – Here’s What Happened

Nova Leap Health Corp. (CVE:NLH)’s stock price fell 2% on Wednesday . The stock traded as low as C$0.25 and last traded at C$0.25. 48,500 shares were traded during mid-day trading, an increase of 54% from the average session volume of 31,572 shares. The stock had previously closed at C$0.26.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts raised shares of Nova Leap Health to a “strong-buy” rating in a research report on Friday, August 9th.

Nova Leap Health Stock Performance

The business’s 50-day simple moving average is C$0.27 and its two-hundred day simple moving average is C$0.28. The company has a quick ratio of 1.13, a current ratio of 1.70 and a debt-to-equity ratio of 6.84. The firm has a market cap of C$21.55 million, a price-to-earnings ratio of -12.50 and a beta of 1.52.

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.