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Novation Companies (NASDAQ:NOVC) CEO W Lance Anderson acquired 25,000 shares of Novation Companies stock on the open market in a transaction dated Tuesday, August 12th. The stock was purchased at an average price of $0.25 per share, with a total value of $6,250.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,026,609 shares of the company’s stock, valued at approximately $256,652. 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 1.85% during mid-day trading on Friday, hitting $0.265. The stock had a trading volume of 41,633 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 $0.27 and its 200-day moving average is $0.. The company’s market cap is $24.2 million.

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

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