Novo Resources Corp. (NVO.V) (CVE:NVO) Stock Price Down 0.4%

Shares of Novo Resources Corp. (NVO.V) (CVE:NVO) traded down 0.4% on Friday . 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 market capitalization of C$548.24 million and a price-to-earnings ratio of -21.25. The stock has a fifty day simple moving average of C$2.38 and a 200-day simple moving average of C$2.38. The company has a debt-to-equity ratio of 11.62, a current ratio of 2.78 and a quick ratio of 2.57.

Novo Resources Corp. (NVO.V) Company Profile

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.