Nova Minerals (NASDAQ:NVA) CEO Buys $14,193.95 in Stock

Nova Minerals Ltd (NASDAQ:NVA) CEO Christopher Gerteisen purchased 4,237 shares of the company’s stock in a transaction that occurred on Monday, October 19th. The stock was acquired at an average cost of $3.35 per share, for a total transaction of $14,193.95. Following the transaction, the chief executive officer owned 150,440 shares in the company, valued at $503,974. This represents a 2.90% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Christopher Gerteisen also recently made the following trade(s):

• On Friday, October 16th, Christopher Gerteisen purchased 2,500 shares of Nova Minerals stock. The shares were bought at an average price of $3.10 per share, with a total value of $7,750.00.

Nova Minerals Price Performance

NVA stock traded down $0.04 during mid-day trading on Tuesday, reaching $3.13. 523,210 shares of the company traded hands, compared to its average volume of 417,761. The firm’s 50 day moving average price is $5.39 and its 200 day moving average price is $5.63. Nova Minerals Ltd has a fifty-two week low of $3.01 and a fifty-two week high of $8.88.

Institutional Investors Weigh In On Nova Minerals

A hedge fund recently bought a new position in Nova Minerals stock. SG Americas Securities LLC bought a new position in shares of Nova Minerals Ltd (NASDAQ:NVA) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 16,725 shares of the company’s stock, valued at approximately $98,000.

About Nova Minerals

Nova Minerals Ltd. (NASDAQ:NVA) is an Australia-based mineral exploration and development company focused on advancing its mineral projects in Alaska. The company’s primary asset is the Estelle Gold Project, a large-scale exploration property in the Tintina Gold Belt that includes the Korbel and RPM prospects.

Nova Minerals’ activities include geological exploration, resource evaluation, metallurgical testing, and studies aimed at determining the commercial potential of its deposits. The company is also evaluating the project’s infrastructure and development requirements as it works toward establishing a potential large-scale gold operation.