Novo Resources Corp. (NVO.V) (CVE:NVO – Get Rating) shares fell 0.4% during mid-day trading on Tuesday . The stock traded as low as C$2.37 and last traded at C$2.38. 311,570 shares traded hands during mid-day 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 company has a market capitalization of C$548.24 million and a PE ratio of -21.25. The stock's 50 day simple moving average is C$2.38 and its 200-day simple moving average is C$2.38.

Novo Resources Corp. (NVO.V) Company Profile

(Get Rating)

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.

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