Nova Leap Health Corp (OTCMKTS:NVLPF) Stock Takes a Hit: Down 40% In 6-Month

Nova Leap Health Corp (OTCMKTS:NVLPF) is down 40% in 6 months after the company announced the completion of a strategic purchase of a Texas-based home care business.

Market Stats

On Friday, NVLPF stock ended flat at $0.48 with more than 1K shares, compared to its average volume of 12k shares. The stock has moved within a range of $0.4800 – 0.4800 after opening trading at $0.48.

Nova Leap Health Corp. Closes Acquisition and Furthers Expansion in South Central U.S.

The company had previously announced a definitive agreement with related information regarding the acquisition on October 28, 2021. CEO and President of Nova Leap Chris Dobbin said they are pleased to foray into the Texas market. He said that the acquisition complements the company’s current businesses In Arkansas and Oklahoma. Dobbin added that the company anticipated more growth in the South Central Region.

The company deals with the acquisition of home health care services companies, and it is operating in a fast-growing sector in Canada and the US. Notably, Nova Leap conducts an important role in the care continuum with a family and individual-centered focus, especially for dementia care. The company has operations across 11 states within the South Central, Southeastern, Midwest, and New England regions in the US and Nova Scotia in Canada. Therefore, investors should watch NVLPF.

Key Quote

“We’re pleased to enter the Texas market,” said Chris Dobbin, President & CEO of Nova Leap. “This acquisition complements our existing businesses in Oklahoma and Arkansas. We expect further growth in the South Central region.”

Traders Corner

NVLPF stock is trading below the 20-Day and 50-Day Moving averages of $0.4872 and $0.50 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0587.