Novo Resources Corp. (NVO.V) (CVE:NVO) Shares Down 0.4% – What’s Next?

Novo Resources Corp. (NVO.V) (CVE:NVO) shares fell 0.4% during trading on Wednesday . The stock traded as low as C$2.37 and last traded at C$2.38. 311,570 shares were traded during trading, an increase of 14% from the average session volume of 273,252 shares. The stock had previously closed at C$2.39.

Novo Resources Corp. (NVO.V) Price Performance

The company has a debt-to-equity ratio of 11.62, a current ratio of 2.78 and a quick ratio of 2.57. The firm has a market capitalization of C$548.24 million and a price-to-earnings ratio of -21.25. The stock has a 50 day moving average price of C$2.38 and a two-hundred day moving average price of C$2.38.

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.