Novo Resources (ASX:NVO) Insider Acquires A$146,700.00 in Stock

Novo Resources Corp. (ASX:NVO) insider Quinton Hennigh acquired 900,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 22nd. The stock was acquired at an average price of A$0.16 per share, for a total transaction of A$146,700.00.

Novo Resources Price Performance

The company has a quick ratio of 4.30, a current ratio of 1.93 and a debt-to-equity ratio of 0.62.

Novo Resources Company Profile

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. The company primarily explores for gold deposits. It holds approximately 7,500 sq km of land in the Pilbara region of Western Australia, as well as interests in various projects located in Victoria, Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011.