Nova Leap Health (CVE:NLH) Reaches New 12-Month High – What’s Next?

Nova Leap Health Corp. (CVE:NLH)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.46, with a volume of 41255 shares traded. The stock had previously closed at C$0.47.

Nova Leap Health Price Performance

The company has a market cap of C$40.16 million, a PE ratio of 153.33 and a beta of 1.69. The stock has a 50-day simple moving average of C$0.40 and a 200 day simple moving average of C$0.36. The company has a quick ratio of 1.13, a current ratio of 1.02 and a debt-to-equity ratio of 14.80.

Insider Activity at Nova Leap Health

In related news, Director R. Wayne Myles acquired 61,000 shares of the stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of C$0.44 per share, with a total value of C$26,840.00. Following the transaction, the director owned 2,446,761 shares of the company’s stock, valued at approximately C$1,076,574.84. This trade represents a 2.56% increase in their position. In the last quarter, insiders have purchased 168,471 shares of company stock valued at $69,930. Corporate insiders own 40.77% of the company’s stock.

About Nova Leap Health

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. The company was incorporated in 2015 and is headquartered in Halifax, Canada.