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Novation Companies (NASDAQ:NOVC) COO Steve M. Haslam bought 75,000 shares of the stock on the open market in a transaction dated Monday, August 11th. The shares were purchased at an average price of $0.26 per share, with a total value of $19,500.00. Following the purchase, the chief operating officer now directly owns 275,122 shares in the company, valued at approximately $71,532. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Novation Companies (NASDAQ:NOVC) traded up 7.20% during mid-day trading on Wednesday, hitting $0.268. The stock had a trading volume of 11,313 shares. Novation Companies has a 52-week low of $0.23 and a 52-week 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 $24.5 million.

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

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