Nova Leap Health (CVE:NLH) Sets New 1-Year High – Still a Buy?

Nova Leap Health Corp. (CVE:NLH) shares hit a new 52-week high on Tuesday . The stock traded as high as C$0.49 and last traded at C$0.46, with a volume of 41255 shares traded. The stock had previously closed at C$0.47.

Nova Leap Health Trading Up 4.3%

The stock has a market capitalization of C$41.91 million, a P/E ratio of 160.00 and a beta of 1.69. The stock’s 50 day moving average price is C$0.40 and its 200-day moving average price is C$0.36. The company has a quick ratio of 1.13, a current ratio of 1.02 and a debt-to-equity ratio of 14.80.

Insiders Place Their Bets

In related news, Director R. Wayne Myles acquired 61,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$0.44 per share, with a total value of C$26,840.00. Following the transaction, 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 position. Insiders bought a total of 168,471 shares of company stock valued at $69,930 over the last three months. 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. The company was incorporated in 2015 and is headquartered in Halifax, Canada.