NowVertical Group (CVE:NOW) Shares Down 26.4% – What’s Next?

NowVertical Group Inc. (CVE:NOW) dropped 26.4% during mid-day trading on Friday . The company traded as low as C$0.29 and last traded at C$0.39. Approximately 2,146,843 shares traded hands during trading, an increase of 1,464% from the average daily volume of 137,269 shares. The stock had previously closed at C$0.53.

NowVertical Group Stock Performance

The company has a market capitalization of C$37.65 million, a P/E ratio of 13.00 and a beta of 3.14. The business’s fifty day moving average price is C$0.56 and its 200-day moving average price is C$0.53.

Insiders Place Their Bets

In related news, Director David Charron acquired 100,000 shares of the company’s stock in a transaction dated Friday, June 20th. The stock was bought at an average cost of C$0.55 per share, with a total value of C$55,000.00. Also, Director David Owen Doritty acquired 50,000 shares of the company’s stock in a transaction dated Thursday, June 12th. The shares were bought at an average cost of C$0.52 per share, with a total value of C$26,000.00. Insiders have bought a total of 182,774 shares of company stock valued at $99,353 over the last ninety days. 30.75% of the stock is currently owned by insiders.

About NowVertical Group

NowVertical Group Inc, together with its subsidiaries, operates as a big data, analytics, and vertical intelligence company in the United States, Argentina, Brazil, Chile, the United Kingdom, and internationally. The company offers NOW Fusion solution that creates a flexible distributed data processing pipeline; NOW DataBench solutions for data analytics; NOW Privacy solution, which reveals the risk across the entire data estate; and NOW SnowGraph solutions that provides one-to-many graph analytics framework.