Nova Leap Health (CVE:NLH) Stock Price Up 11.1% – Should You Buy?

Shares of Nova Leap Health Corp. (CVE:NLH) shot up 11.1% during mid-day trading on Wednesday . The stock traded as high as C$0.44 and last traded at C$0.40. 116,510 shares traded hands during mid-day trading, an increase of 397% from the average daily volume of 23,439 shares. The stock had previously closed at C$0.36.

Nova Leap Health Stock Up 11.1%

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 stock has a market cap of C$34.93 million, a PE ratio of 133.33 and a beta of 1.96. The business has a 50 day moving average price of C$0.37 and a 200 day moving average price of C$0.33.

Insider Buying and Selling

In other news, Director R. Wayne Myles acquired 61,000 shares of the company’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average price of C$0.44 per share, with a total value of C$26,840.00. Following the purchase, the director directly 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. In the last 90 days, insiders 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.