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Novo Resources (NVO) AI Stock Analysis
Novo Resources
(TSX:NVO)
Low score driven primarily by weak financial performance with ongoing losses and no revenue, compounded by bearish technical indicators; valuation provides minimal uplift.
Novo Resources (NVO) vs. iShares MSCI Canada ETF (EWC)
- Market Cap
- CAD 25.65M
- Dividend Yield
- ―
- Average Volume (3M)
- 144.32K
- Price to Earnings (P/E)
- -1.1
- Beta (1Y)
- 0.87
- Revenue Growth
- ―
- EPS Growth
- -17.68%
- Country
- Canada
- Employees
- 23
- Sector
- General
- Sector Strength
- 55
- Industry
- Gold
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 foc...
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 monetiz...
Novo Resources Financial Statement Overview
Summary
Weak financials with persistent net losses, zero recent revenue, and negative cash flows, though low debt provides some stability and cash burn shows slight improvement.
Income Statement
15Very NegativeBalance Sheet
35NegativeCash Flow
25Negative| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0 | 0 | 0 | 0 | 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
Price Trends
Market Momentum
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 0.06 is below the 20-day moving average (MA) of 0.06, below the 50-day MA of 0.07, and below the 200-day MA of 0.09, indicating a bearish trend. The MACD of -0.00 indicates Negative momentum. The RSI at 39.59 is Neutral, neither overbought nor oversold. The STOCH value of 87.50 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
Overall Rating
TSE:RDG59Neutral
TSE:LVG48Neutral
TSE:BTR46.9Neutral
TSE:WHN42Neutral- TSE:NVO42Neutral
TSE:QIM41Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| TSE:RDG | 59Neutral | CAD 27.40M | 10.62 | 10.78% | ― | ― | ― |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| TSE:LVG | 48Neutral | CAD 69.88M | -14.08 | -27.59% | ― | ― | -40.80% |
| TSE:BTR | 47Neutral | CAD 45.94M | -1.09 | 4706.10% | ― | ― | -131.06% |
| TSE:WHN | 42Neutral | CAD 68.07M | -16.15 | -9.17% | ― | ― | -72.04% |
| TSE:NVO | 42Neutral | CAD 25.65M | -1.07 | -37.51% | ― | ― | -17.68% |
| TSE:QIM | 41Neutral | CAD 20.21M | -1.27 | -90.81% | ― | ― | -66.31% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| TSE:NVO | Novo Resources | 0.06 | -0.08 | -58.62% | |
| TSE:BTR | Bonterra Resources | 0.12 | -0.05 | -31.43% | |
| TSE:LVG | Lake Victoria Gold Ltd | 0.34 | 0.17 | 97.14% | |
| TSE:WHN | Westhaven Ventures | 0.26 | 0.07 | 36.84% | |
| TSE:RDG | Ridgeline Minerals Corp | 0.19 | -0.15 | -43.28% | |
| TSE:QIM | Quimbaya Gold Inc | 0.24 | -0.38 | -61.29% |
Novo Resources Corporate Events
Novo Resources Clears Path for New Drilling as Tibooburra Joint Venture Takes Shape
PositiveNovo 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 mid...
Novo Resources Updates Corporate Presentation to Highlight Growth Strategy
PositiveNovo 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 aim...
Novo Resources Updates Corporate Presentation to Showcase Growth Strategy
PositiveNovo 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 giv...
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.
Date of analysis: Oct 29, 2026