Shares of Nova Leap Health Corp. (OTCMKTS:NVLPF) have been consolidating over the past month.
Market Reaction
On Wednesday , NVLPF stock ended flat at $0.4818 with more than 600 shares, compared to its average volume of 11K shares. The stock has moved within a range of $0.4818 – 0.4818 after opening trade at $0.4818.
Nova Leap Health Corp Completes Acquisition and Grants Stock Options
Nova Leap Health Corp. (OTCMKTS:NVLPF) an upcoming home health care organization has just completed its strategic acquisition of a home care business with operations based in Texas. The execution of the definitive agreement and related information regarding this acquisition was first announced a couple of months back on October 28, 2021.
Chris Dobbin, President & CEO of Nova Leap, is thrilled to venture into the Texas market, as he feels it has lots of potential that is yet to be explored. Moreover, this acquisition also complements their present businesses based in Oklahoma and Arkansas, while furthering growth in the South Central region.
In other news, the company has announced the issuance of stock options, on the December 22, 2021. Nova Leap Health Corp. has granted 900,000 incentive stock options to directors, officers and senior employees of the company. These stock options can be exercised over a period of 10 years. The exercise price is CAD$0.78 per share.
Apart from that, they can be vested at 25% right away and 25% on each anniversary date of the stock option grant date. All options granted are under and in compliance with the terms and conditions of the Company’s Amended and Restated Equity Incentive Plan.
Traders Review
NVLPF stock is trading below the 20-Day and 50-Day Moving averages of $0.4829 and $0.4965 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.5836. The stock is down 6% over the past month.
