Want to see TSE:NVO full AI Analyst Report?
Top Page
Novo Resources
(TSX:NVO)
Select Model
Select Model
Rating:42Neutral
Price Target:
C$0.06
▼(-27.50% Downside)
Action:Reiterated
Date:10/29/26
The score is held down primarily by weak financial performance—no TTM revenue, continued net losses, and ongoing negative operating/free cash flow—despite the benefit of very low leverage. Technical indicators also point to a weak trend with negative MACD and price below key moving averages. Valuation is difficult to support using earnings given the negative P/E and lack of dividend yield.
Positive Factors
Very Low Leverage
Minimal debt leaves Novo with limited balance-sheet financial risk and avoids a significant interest burden. That provides greater flexibility to allocate capital toward exploration, pursue joint ventures, or manage project setbacks without the added pressure of substantial borrowing obligations.
Negative Factors
No Current Revenue
Novo is currently not generating revenue from operations, leaving its financial profile dependent on advancing assets and securing future monetization opportunities. Until a project reaches a revenue-producing stage, the company lacks operating income to fund activities or offset corporate costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt leaves Novo with limited balance-sheet financial risk and avoids a significant interest burden. That provides greater flexibility to allocate capital toward exploration, pursue joint ventures, or manage project setbacks without the added pressure of substantial borrowing obligations.
Read all positive factors
Novo Resources (NVO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$23.51M
Dividend YieldN/A
Average Volume (3M)86.83K
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue GrowthN/A
EPS Growth-17.68%
CountryCA
Employees23
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.05
Shares Outstanding427,456,480
10 Day Avg. Volume103,796
30 Day Avg. Volume86,833
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)-0.02
Revenue Forecast (FY)N/A
Novo Resources Business Overview & Revenue Model
Company Description
Novo Resources Corp., together with its subsidiary entities, is involved in the evaluation, acquisition, exploration, and subsequent development of natural resource assets throughout Canada, Australia, and the United States. The company's primary ...
How the Company Makes Money
Novo Resources primarily seeks to generate value by advancing exploration-stage mineral assets and realizing returns through transactions rather than (based on publicly available high-level information) sustained operating production. Typical mone...
Novo Resources Financial Statement Overview
Summary
Income Statement
12
Very Negative
Balance Sheet
64
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 92.04M | 112.24M |
| Gross Profit | -196.00K | -193.00K | -2.15M | -5.96M | -23.64M | 1.48M |
| EBITDA | -20.51M | -20.70M | -19.07M | -43.42M | 18.60M | 43.34M |
| Net Income | -20.47M | -22.39M | -23.23M | -127.81M | -105.42M | -704.00K |
Balance Sheet | ||||||
| Total Assets | 64.95M | 61.35M | 85.27M | 106.45M | 256.16M | 462.68M |
| Cash, Cash Equivalents and Short-Term Investments | 9.58M | 7.74M | 10.80M | 11.76M | 48.08M | 32.45M |
| Total Debt | 253.00K | 308.00K | 427.00K | 1.61M | 6.60M | 80.49M |
| Total Liabilities | 13.63M | 15.14M | 15.78M | 21.53M | 68.19M | 148.42M |
| Stockholders Equity | 51.31M | 46.20M | 69.50M | 84.92M | 187.97M | 314.26M |
Cash Flow | ||||||
| Free Cash Flow | -10.10M | -12.15M | -16.73M | -49.13M | -51.66M | -38.33M |
| Operating Cash Flow | -10.10M | -12.15M | -16.73M | -47.43M | -46.19M | -19.66M |
| Investing Cash Flow | 8.94M | 9.06M | 19.69M | -1.47M | 119.69M | -7.76M |
| Financing Cash Flow | 4.27M | -169.00K | -3.81M | 12.83M | -57.87M | 19.63M |
Novo Resources Technical Analysis
Negative
0.08
Price Trends
0.07
Negative
0.07
Negative
0.09
Negative
Market Momentum
>-0.01
Negative
39.59
Neutral
100.00
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NVO, the sentiment is Negative. The current price of 0.08 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 39.59 is Neutral, neither overbought nor oversold. The STOCH value of 100.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NVO.
Novo Resources Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | C$27.40M | 10.62 | 10.78% | ― | ― | ― | |
50 Neutral | C$71.90M | -14.49 | -27.59% | ― | ― | -40.80% | |
48 Neutral | C$49.77M | -1.19 | 4706.10% | ― | ― | -131.06% | |
45 Neutral | C$70.69M | -16.77 | -9.17% | ― | ― | -72.04% | |
42 Neutral | C$23.51M | -0.98 | -37.51% | ― | ― | -17.68% | |
39 Underperform | C$18.53M | -1.16 | -90.81% | ― | ― | -66.31% |
* General Sector Average
TSE:NVO
Novo Resources
0.06
-0.10
-63.33%
TSE:BTR
BonTerra Resources
0.13
-0.06
-32.99%
TSE:LVG
Lake Victoria Gold Ltd
0.36
0.18
102.86%
TSE:WHN
Westhaven Ventures
0.27
0.08
42.11%
TSE:RDG
Ridgeline Minerals
0.19
-0.15
-44.93%
TSE:QIM
Quimbaya Gold Inc
0.22
-0.41
-65.08%
Novo Resources Corporate Events
Business Operations and StrategyRegulatory Filings and Compliance
Novo Resources Clears Path for New Drilling as Tibooburra Joint Venture Takes Shape
Positive
Oct 27, 2026
Novo Resources has secured all regulatory and landholder approvals to launch a roughly 2,700‑metre reverse circulation drilling program at the Tibooburra Gold Project in New South Wales, with work at the Clone prospect scheduled to start in ...
Business Operations and Strategy
Novo Resources Updates Corporate Presentation to Highlight Growth Strategy
Positive
Sep 21, 2026
Novo Resources Corp. has released an updated corporate presentation that sets out its current strategic priorities, recent exploration results, project advancements, and near-term catalysts for its gold-focused portfolio. The refreshed materials a...
Business Operations and Strategy
Novo Resources Updates Corporate Presentation to Showcase Growth Strategy
Positive
Aug 24, 2026
Novo Resources Corp. has released an updated corporate presentation that details its strategic priorities, recent exploration results, project advancements and near-term catalysts across its gold-focused asset base. The refreshed materials aim to ...
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.