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Novus Acquisition & Development Corp. (NDEV)

OTC Financial Services Insurance - Diversified
$0.02 ▲ +12.95%
Market Cap
$1.7M
Sector
Financial Services
Industry
Insurance - Diversified
Beta
-0.40
52-Wk Range
0.0028-0.0432
CEO
Gary Frank Labrozzi
Country
US
Currency
USD

Novus Acquisition & Development Corp. operates in the Insurance - Diversified industry of the Financial Services sector, headquartered in Miami, FL, US. The stock last traded at $0.02, up 12.95% on the session, giving a market capitalisation of $1.7M. On trailing twelve-month figures it carries a trailing P/E of 10.47, a net margin of 47.4%. Its beta of -0.40 implies it has historically moved less than the broad market.

Valuation & profitability (TTM)
P/E
10.47
Price / Sales
4.03
Price / Book
1.04
EV / EBITDA
8.13
Gross margin
0.0%
Operating margin
47.4%
Net margin
47.4%
Return on equity
Debt / equity
0.09
Current ratio
1.43
Dividend yield
0.0%
Payout ratio
0.0%
Company profile
Exchange
Other OTC
Employees
1
IPO date
2013-01-09
Headquarters
Miami, FL, US
About Novus Acquisition & Development Corp.

Novus Acquisition & Development Corp. (NDEV) operates as an insurance provider in California, primarily through its subsidiary, WCIG Insurance Service, Inc. The company offers specialized health policies for the CBD concentrate cannabis market and THC health plans. Additionally, it provides a range of supplementary benefit options, including dental, vision, hearing, and telemedicine services. Established in 1996, the firm was originally known as BrandQuest Development Group, Inc. before rebranding as Novus Acquisition & Development Corp. in April 2009. Its principal office is located in Miami, Florida.

Comparable companies

Novus Acquisition & Development Corp. is most often compared with the following Financial Services names:

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