Novo Resources Corp (TSE:NVO)
TSX:NVO
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NVO Stock Chart & Stats
C$0.12
C$0.00(0.00%)
At close: 4:00 PM EST
C$0.12
C$0.00(0.00%)
Day’s Range― - ―
52-Week RangeC$0.07 - C$0.28
Previous CloseN/A
Volume19.40K
Average Volume (3M)322.94K
Market Cap
C$33.09M
Enterprise ValueC$18.20M
Total Cash (Recent Filing)C$10.60M
Total Debt (Recent Filing)C$285.00K
Price to Earnings (P/E)―
Beta0.97
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding413,677,900
10 Day Avg. Volume496,204
30 Day Avg. Volume322,941
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)1.07
Price to Sales (P/S)0.00
P/FCF Ratio-4.09
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
Bulls Say, Bears Say
Bulls Say
Low Leverage / Balance-sheet ResilienceVery low reported debt relative to equity gives Novo flexibility to fund exploration via non-debt routes (asset sales, JVs, equity) without facing immediate solvency pressure. This structural low-leverage profile supports durability through prolonged exploration cycles and commodity cycles.
Monetization Optionality From Exploration ModelAs an exploration-stage gold company, Novo’s durable value-creation levers include farm-outs, asset sales, royalty creation and equity stakes. Those structural monetization paths provide recurring strategic options to fund work programs or crystallize value absent operating cash flow.
Reducing Operating Cash Burn TrendOperating cash outflows have materially moderated versus the peak loss year, indicating management has reduced spend or rebalanced activity. A sustained lower burn rate improves runway and reduces near-term reliance on dilutive capital or forced asset sales, aiding multi-month execution.
Bears Say
No Revenue GenerationThe company lacks producing assets and has reported no revenue since 2023, meaning there is no operating cash generation to fund exploration. Over a multi-month horizon this forces dependence on external financing or disposals, increasing execution and dilution risk.
Persistent Losses And Negative Free Cash FlowSustained net losses and negative free cash flow erode capital and shareholder equity over time. Without a structural shift to production or recurring revenue, continued losses heighten probability of further equity raises or asset sales, diluting holders and constraining long-term project funding.
Erosion Of Equity And Asset BaseSharp declines in reported assets and equity over several years indicate material value erosion from write-downs, disposals or losses. This weakens the company’s capacity to underwrite exploration programs internally and reduces collateral or bargaining power in partner or financing negotiations.
Novo Resources News
NVO FAQ
What was Novo Resources Corp’s price range in the past 12 months?
Novo Resources Corp lowest stock price was C$0.07 and its highest was C$0.28 in the past 12 months.
What is Novo Resources Corp’s market cap?
Novo Resources Corp’s market cap is C$33.09M.
When is Novo Resources Corp’s upcoming earnings report date?
The company’s upcoming earnings report date is not yet available.
How were Novo Resources Corp’s earnings last quarter?
Currently, no data Available
Is Novo Resources Corp overvalued?
According to Wall Street analysts Novo Resources Corp’s price is currently Overvalued.
Does Novo Resources Corp pay dividends?
Novo Resources Corp does not currently pay dividends.
What is Novo Resources Corp’s EPS estimate?
Novo Resources Corp’s EPS estimate for its next earnings report is not yet available.
How many shares outstanding does Novo Resources Corp have?
Novo Resources Corp has 413,677,900 shares outstanding.
What happened to Novo Resources Corp’s price movement after its last earnings report?
Currently, no data Available
Which hedge fund is a major shareholder of Novo Resources Corp?
Currently, no hedge funds are holding shares in TSE:NVO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
Novo Resources Stock Smart Score
Neutral
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Insider Transactions
Bought Shares
Worth C$49.5K over
the Last 3 Months
the Last 3 Months
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
66.66%
12-Months-Change
Fundamentals
Return on Equity
-37.41%
Trailing 12-Months
Asset Growth
-22.46%
Trailing 12-Months
Company Description
Novo Resources Corp
Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. The company primarily explores for gold deposits. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.
Technical Analysis
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Options Prices
Currently, No data available
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