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Novation Companies (NASDAQ:NOVC) Director Gregory T. Barmore acquired 180,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average cost of $0.25 per share, for a total transaction of $45,000.00. Following the acquisition, the director now directly owns 680,134 shares of the company’s stock, valued at approximately $170,034. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of Novation Companies (NASDAQ:NOVC) traded down 1.96% during mid-day trading on Tuesday, hitting $0.25. The stock had a trading volume of 397,716 shares. Novation Companies has a one year low of $0.23 and a one year high of $0.43. The stock’s 50-day moving average is $0.28 and its 200-day moving average is $0.29. The company’s market cap is $22.9 million.

Novation Companies, Inc (NASDAQ:NOVC) is engaged in the business strategy of acquiring and operating technology-enabled service businesses.

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