Nova Leap Health (CVE:NLH) Shares Up 24.4% – Should You Buy?

Nova Leap Health Corp. (CVE:NLH) rose 24.4% during trading on Saturday . The company traded as high as C$0.33 and last traded at C$0.28. Approximately 349,993 shares changed hands during mid-day trading, an increase of 1,225% from the average daily volume of 26,406 shares. The stock had previously closed at C$0.23.

Nova Leap Health Stock Up 24.4%

The company has a debt-to-equity ratio of 6.46, a current ratio of 1.76 and a quick ratio of 1.13. The stock has a market cap of C$15.92 million, a price-to-earnings ratio of -34.51 and a beta of 1.52. The firm has a 50 day simple moving average of C$0.26 and a two-hundred day simple moving average of C$0.25.

Insider Activity at Nova Leap Health

In other news, Director R. Wayne Myles purchased 170,000 shares of the business’s stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of C$0.28 per share, for a total transaction of C$47,804.00. 40.77% of the stock is currently owned by company insiders.

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.