Nova Leap Health (CVE:NLH) Trading Down 2% – Here’s What Happened

Nova Leap Health Corp. (CVE:NLH)’s stock price dropped 2% on Wednesday . The company traded as low as C$0.25 and last traded at C$0.25. Approximately 48,500 shares changed hands during trading, an increase of 54% from the average daily volume of 31,572 shares. The stock had previously closed at C$0.26.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded shares of Nova Leap Health to a “strong-buy” rating in a research report on Friday, August 9th.

Nova Leap Health Stock Performance

The firm’s 50-day simple moving average is C$0.27 and its two-hundred day simple moving average is C$0.28. The stock has a market capitalization of C$21.55 million, a PE ratio of -12.50 and a beta of 1.52. The company has a current ratio of 1.70, a quick ratio of 1.13 and a debt-to-equity ratio of 6.84.

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.