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The latest update is out from Nova Minerals ( (AU:NVA) ).
Nova Minerals has moved to clarify media speculation following a Financial Times article that linked the company to a potential purchase of more than 100 tonnes of Pakistani antimony. The company said it has held only preliminary, exploratory discussions about sourcing antimony concentrate from Pakistan, mainly to test plant capabilities, and stressed that no binding or material agreements have been reached. Nova added that it remains in compliance with ASX continuous disclosure rules and will announce any binding and material arrangements if and when they occur, aiming to reassure investors and stakeholders about the current non-committal nature of its antimony sourcing talks.
The most recent analyst rating on (AU:NVA) stock is a Hold with a A$0.89 price target. To see the full list of analyst forecasts on Nova Minerals stock, see the AU:NVA Stock Forecast page.
More about Nova Minerals
Nova Minerals Limited is a gold, antimony and critical minerals exploration and development company focused on advancing its Estelle Project in Alaska, comprising 514 square kilometres of State of Alaska mining claims. The 85%-owned project sits in the prolific Tintina Gold Belt northwest of Anchorage and hosts multiple advanced gold and antimony prospects, including two defined multi-million-ounce resources and several drill-ready antimony targets with extensive stibnite vein systems at surface.
YTD Price Performance: -3.16%
Average Trading Volume: 3,037,634
Technical Sentiment Signal: Buy
Current Market Cap: A$348.2M
See more data about NVA stock on TipRanks’ Stock Analysis page.