Nova Leap Health (CVE:NLH) Hits New 52-Week High – Still a Buy?

Nova Leap Health Corp. (CVE:NLH) reached a new 52-week high on Monday . The stock traded as high as C$0.44 and last traded at C$0.44, with a volume of 38500 shares trading hands. The stock had previously closed at C$0.37.

Nova Leap Health Trading Up 18.9%

The company has a quick ratio of 1.13, a current ratio of 1.02 and a debt-to-equity ratio of 14.80. The firm has a market capitalization of C$38.42 million, a price-to-earnings ratio of 146.67 and a beta of 1.70. The business has a 50-day moving average of C$0.38 and a two-hundred day moving average of C$0.35.

Insider Buying and Selling at Nova Leap Health

In other news, Director R. Wayne Myles acquired 61,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were bought at an average price of C$0.44 per share, with a total value of C$26,840.00. Following the acquisition, the director owned 2,446,761 shares of the company’s stock, valued at C$1,076,574.84. This trade represents a 2.56% increase in their ownership of the stock. Over the last quarter, insiders purchased 168,471 shares of company stock worth $69,930. 40.77% of the stock is currently owned by company insiders.

Nova Leap Health Company Profile

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.