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Novation Companies (NASDAQ:NOVC) COO Steve M. Haslam purchased 75,000 shares of the company’s stock in a transaction dated Monday, August 11th. The stock was purchased at an average cost of $0.26 per share, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available at this link.

Novation Companies (NASDAQ:NOVC) traded down 2.99% during mid-day trading on Thursday, hitting $0.26. The stock had a trading volume of 11,016 shares. Novation Companies has a 52 week low of $0.23 and a 52 week high of $0.43. The stock has a 50-day moving average of $0. and a 200-day moving average of $0.29. The company’s market cap is $23.8 million.

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

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