Novo Resources (CVE:NVO) Reaches New 1-Year High at $3.70

Novo Resources Corp (CVE:NVO)’s stock price reached a new 52-week high during trading on Monday . The company traded as high as C$3.70 and last traded at C$3.61, with a volume of 338414 shares trading hands. The stock had previously closed at C$3.29.

The company has a quick ratio of 9.07, a current ratio of 9.14 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $695.77 million and a price-to-earnings ratio of -62.83. The stock’s 50-day simple moving average is C$2.89 and its 200 day simple moving average is C$2.44.

Novo Resources Company Profile (CVE:NVO)

Novo Resources Corp., together with its subsidiaries, evaluates, acquires, and explores for gold properties in Canada, Australia, and the United States. The company holds 100% interests in the Beatons Creek Paleoplacer gold project comprising 20 mining leases, exploration tenements, and tenement applications covering approximately 560 square kilometers; and the Karratha gold project covering approximately 6,021 square kilometers of mineral rights in the Karratha region.

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