Quinton Hennigh Buys 900,000 Shares of Novo Resources (ASX:NVO) Stock

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

Novo Resources Stock Performance

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

About Novo Resources

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.