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Nova Minerals Corp
(NYSE MKT:NVA)
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Rating:44Neutral
Price Target:
$3.50
▼(-32.43% Downside)
Action:Reiterated
Date:10/16/26
The score is primarily weighed down by weak financial performance (no revenue base and ongoing cash burn despite a swing to net income) and bearish technical trend signals (price below key moving averages and negative MACD). Valuation metrics add little support due to a negative P/E and no dividend yield data.
Positive Factors
Low Leverage
Low leverage reduces immediate balance-sheet pressure and preserves flexibility while projects are advanced. With no reported debt in 2025 and low debt relative to equity in 2026, Nova may have more capacity to seek funding or allocate capital than a highly levered miner.
Negative Factors
No Revenue Base
The absence of revenue across two annual periods means Nova has not yet demonstrated recurring commercial demand or operating income from its projects. This leaves financial performance dependent on exploration progress, asset development, and future financing rather than an established revenue engine.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Leverage
Low leverage reduces immediate balance-sheet pressure and preserves flexibility while projects are advanced. With no reported debt in 2025 and low debt relative to equity in 2026, Nova may have more capacity to seek funding or allocate capital than a highly levered miner.
Read all positive factors
Nova Minerals Corp (NVA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$122.99M
Dividend YieldN/A
Average Volume (3M)578.12K
Price to Earnings (P/E)―
Beta (1Y)4.39
Revenue GrowthN/A
EPS Growth-39.48%
CountryUS
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryOther Precious Metals
Share Statistics
EPS (TTM)N/A
Shares Outstanding38,194,366
10 Day Avg. Volume519,281
30 Day Avg. Volume578,118
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)7.38
Price to Sales (P/S)0.00
P/FCF Ratio-14.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nova Minerals Corp Business Overview & Revenue Model
Company Description
Nova Minerals Corp engages in the exploration of mineral properties in Australia and the United States. The company explores for gold, antimony, and critical minerals. It owns 85% interest in the flagship Estelle Gold project comprising 803 mining...
Nova Minerals Corp Financial Statement Overview
Summary
Income Statement
28
Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -531.80K | -1.31M | -519.63K | -592.38K | -456.90K | -350.87K |
| EBITDA | -17.14M | -51.24M | -5.97M | -4.54M | -3.78M | -4.74M |
| Net Income | -20.30M | -37.78M | -11.02M | -16.28M | -11.48M | 34.68M |
Balance Sheet | ||||||
| Total Assets | 185.70M | 66.65M | 112.54M | 107.25M | 122.34M | 108.33M |
| Cash, Cash Equivalents and Short-Term Investments | 59.18M | 41.19M | 9.08M | 3.15M | 19.24M | 21.28M |
| Total Debt | 6.09M | 4.56M | 0.00 | 7.06M | 6.53M | 0.00 |
| Total Liabilities | 30.55M | 21.46M | 2.69M | 8.86M | 8.95M | 4.00M |
| Stockholders Equity | 147.67M | 33.04M | 102.16M | 90.70M | 105.60M | 96.75M |
Cash Flow | ||||||
| Free Cash Flow | -9.99M | -17.03M | -7.86M | -3.92M | -3.30M | -3.91M |
| Operating Cash Flow | -7.60M | -12.99M | -7.64M | -3.67M | -3.08M | -2.86M |
| Investing Cash Flow | 10.88M | -5.21M | 4.12M | -13.32M | -24.14M | -3.96M |
| Financing Cash Flow | 53.41M | 49.00M | 9.79M | 986.89K | 25.16M | 11.15M |
Nova Minerals Corp Technical Analysis
Negative
5.18
Price Trends
5.23
Negative
4.63
Negative
2.69
Positive
Market Momentum
-0.66
Positive
24.42
Positive
6.00
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NVA, the sentiment is Negative. The current price of 5.18 is above the 20-day moving average (MA) of 4.62, below the 50-day MA of 5.23, and above the 200-day MA of 2.69, indicating a neutral trend. The MACD of -0.66 indicates Positive momentum. The RSI at 24.42 is Positive, neither overbought nor oversold. The STOCH value of 6.00 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for NVA.
Nova Minerals Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | $2.34B | -9.86 | -31.72% | ― | ― | -506.49% | |
57 Neutral | $968.85M | 11.29 | 13.47% | 0.61% | 47.73% | ― | |
46 Neutral | $139.07M | -1.74 | -46.95% | ― | -69.07% | 56.69% | |
44 Neutral | $122.99M | -0.53 | -40.93% | ― | ― | -39.48% |
* Basic Materials Sector Average
NVA
Nova Minerals Corp
3.07
2.73
802.94%
LODE
Comstock Mining
1.80
-1.34
-42.68%
MUX
McEwen Mining
14.90
-4.70
-23.98%
PPTA
Perpetua Resources
17.26
-6.04
-25.92%
SBMT
Silver Bow Mining Corp.
6.40
-4.35
-40.47%
RML
Resolution Minerals Ltd. Sponsored ADR
4.35
-2.32
-34.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.