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Nova Minerals Ltd (AU:NVA)
:NVA

Nova Minerals (NVA) AI Stock Analysis

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AU

Nova Minerals

(OTC:NVA)

37Underperform
Nova Minerals is facing significant financial and operational challenges, reflected in its weak financial performance and negative valuation metrics. The technical analysis indicates some downward momentum but potential stabilization around the 200-day moving average. Overall, the stock's lack of profitability and cash flow issues weigh heavily on its score.

Nova Minerals (NVA) vs. S&P 500 (SPY)

Nova Minerals Business Overview & Revenue Model

Company DescriptionNova Minerals Limited engages in the exploration of mineral properties in Australia, Canada, and the United States. The company explores for lithium and gold deposits. Its flagship projects include the Estelle gold project, a 35km long corridor of 21 identified gold prospects bracketed by the Korbel gold project in the north; and the RPM gold project in the south located in Alaska. The company was formerly known as Quantum Resources Limited and changed its name to Nova Minerals Limited in December 2017. Nova Minerals Limited was incorporated in 1987 and is based in Melbourne, Australia.
How the Company Makes MoneyNova Minerals makes money by exploring and developing mineral resources, primarily gold, at its Estelle Gold Project. The company generates revenue through the sale of minerals extracted from its projects, partnering with other mining entities, securing joint ventures, and potentially licensing its mining properties. Additionally, Nova Minerals may earn income from strategic investments or partnerships that provide financial or operational support for its exploration and development activities. The company's ability to raise capital through equity financing also plays a significant role in funding its operations and expansion plans.

Nova Minerals Financial Statement Overview

Summary
Nova Minerals is struggling with profitability and cash generation, reflected in its weak income statement performance and negative cash flow. While the balance sheet shows some strengths in terms of equity, the persistent operational losses and cash flow deficits highlight the need for strategic changes to improve financial health and ensure long-term viability.
Income Statement
25
Negative
Nova Minerals demonstrates significant financial challenges with no revenue in most years and a consistent pattern of negative net income. The company has not been able to generate positive gross profit, indicating difficulties in covering basic operational costs. The absence of consistent revenue growth and substantial losses in EBIT and EBITDA margins highlight ongoing operational inefficiencies and profitability issues.
Balance Sheet
40
Negative
The balance sheet shows a reasonable equity base with a manageable level of debt, resulting in a modest debt-to-equity ratio. However, the company's equity ratio is relatively high, indicating reliance on equity financing. Despite this, the consistent net losses have eroded shareholder equity over time, posing long-term sustainability risks.
Cash Flow
30
Negative
Nova Minerals faces significant cash flow challenges, consistently reporting negative free cash flow, which indicates that the company is not generating enough cash to cover capital expenditures. The negative operating cash flow relative to net income suggests difficulties in converting revenue into actual cash flow, a critical concern for liquidity management.
Breakdown
TTMJun 2024Jun 2023Jun 2022Jun 2021Jun 2020
Income StatementTotal Revenue
0.000.0047.42K0.000.000.00
Gross Profit
-336.57K-592.38K-409.48K-350.87K-205.74K-90.58K
EBIT
-6.30M-5.14M-4.24M-5.09M-3.80M-3.93M
EBITDA
-8.40M-13.68M-3.57M34.72M-3.14M-4.19M
Net Income Common Stockholders
-9.06M-16.28M-11.48M34.68M-3.13M-4.20M
Balance SheetCash, Cash Equivalents and Short-Term Investments
4.09M3.15M19.24M21.28M15.52M4.61M
Total Assets
120.44M107.25M122.34M108.33M56.87M21.33M
Total Debt
6.74M7.06M6.53M862.37K862.37K1.31M
Net Debt
2.65M3.91M-12.71M-20.42M-14.65M-2.88M
Total Liabilities
13.40M8.86M8.95M4.00M4.29M3.30M
Stockholders Equity
98.90M90.70M105.60M96.75M46.78M15.51M
Cash FlowFree Cash Flow
-10.21M-16.32M-26.94M-28.71M-23.18M-7.22M
Operating Cash Flow
-6.72M-3.67M-3.08M-2.86M-2.14M-2.21M
Investing Cash Flow
-5.14M-13.32M-24.14M-3.96M-21.06M-5.42M
Financing Cash Flow
9.44M986.89K25.16M11.15M34.88M10.85M

Nova Minerals Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price0.31
Price Trends
50DMA
0.31
Positive
100DMA
0.32
Negative
200DMA
0.26
Positive
Market Momentum
MACD
<0.01
Positive
RSI
47.61
Neutral
STOCH
45.83
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NVA, the sentiment is Neutral. The current price of 0.31 is below the 20-day moving average (MA) of 0.33, above the 50-day MA of 0.31, and above the 200-day MA of 0.26, indicating a neutral trend. The MACD of <0.01 indicates Positive momentum. The RSI at 47.61 is Neutral, neither overbought nor oversold. The STOCH value of 45.83 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for AU:NVA.

Nova Minerals Peers Comparison

Overall Rating
UnderperformOutperform
Sector (50)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
AUNST
78
Outperform
$26.99B22.8611.01%2.70%25.11%28.88%
AURMS
78
Outperform
$2.96B8.3626.42%3.01%54.37%310.22%
AUEVN
75
Outperform
$16.15B22.6516.97%1.55%60.56%302.20%
50
Neutral
$1.98B-1.08-21.29%3.61%1.96%-30.59%
AUNVA
37
Underperform
AU$103.36M-9.46%41.29%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
AU:NVA
Nova Minerals
0.31
0.08
31.91%
AU:EVN
Evolution Mining
8.11
4.22
108.59%
AU:NST
Northern Star Resources Ltd
18.62
4.38
30.76%
AU:RMS
Ramelius Resources Limited
2.52
0.52
25.81%

Nova Minerals Corporate Events

Nova Minerals Expands Market Reach with New Share Issuance
Apr 23, 2025

Nova Minerals Limited has issued 300,000 fully paid shares following the exercise of US Warrants and plans to issue 5,000 American Depositary Shares to be traded on NASDAQ. This move is part of the company’s strategy to enhance its market presence and provide liquidity options for investors, aligning with regulatory requirements for secondary trading exemptions under the Corporations Act.

Nova Minerals Expands Market Presence with New Securities Quotation
Apr 23, 2025

Nova Minerals Limited has announced the application for quotation of 300,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective April 23, 2025. This move is part of the company’s strategy to enhance its financial flexibility and potentially increase its market capitalization, which could positively impact its operational capabilities and stakeholder value.

Nova Minerals Amends Quarterly Cash Flow Report for March 2025
Apr 11, 2025

Nova Minerals Limited released an amended Quarterly Cash Flow Report for the period ending 31 March 2025, correcting the year-to-date column header to reflect nine months. The report highlights the company’s cash flows from operating and investing activities, indicating significant expenditures on exploration and evaluation, as well as staff and administrative costs. This update provides stakeholders with accurate financial data, reinforcing transparency and aiding in informed decision-making regarding the company’s financial health and strategic direction.

Nova Minerals Reports High-Grade Gold and Antimony Discoveries at Estelle Project
Apr 11, 2025

Nova Minerals has announced significant progress in its 2024 exploration program, revealing high-grade gold and antimony samples at its Estelle Project in Alaska. The company has identified high-priority drill targets and is advancing U.S. grant applications for antimony development. With a strong cash position and no debt, Nova Minerals is well-positioned to continue its exploration and development activities, potentially enhancing its market position and stakeholder value.

Nova Minerals Hosts Investor Webinars on Estelle Project Developments
Mar 30, 2025

Nova Minerals Limited has announced a series of investor webinars to update stakeholders on developments at its Estelle Gold and Critical Minerals Project in Alaska. The webinars, featuring CEO Christopher Gerteisen, will cover the company’s production strategy, feasibility studies, and infrastructure development, highlighting its potential as a future key U.S. supplier of antimony. This initiative underscores Nova’s commitment to advancing its high-grade RPM deposit and Stibium antimony prospect, enhancing its industry positioning and offering significant implications for stakeholders.

Nova Minerals Expands Market Reach with New Share Issuance
Mar 28, 2025

Nova Minerals Limited announced the issuance of 720,000 fully paid shares following the exercise of US Warrants, along with 12,000 American Depositary Shares to be traded on NASDAQ. This move is part of Nova’s strategic financial maneuvers to enhance its market presence and liquidity, potentially impacting its operational capabilities and investor relations positively.

Nova Minerals Expands Market Presence with New Securities Quotation
Mar 28, 2025

Nova Minerals Limited has announced the quotation of 720,000 ordinary fully paid securities on the Australian Securities Exchange (ASX), effective March 28, 2025. This move is part of the company’s strategy to enhance its market presence and potentially increase liquidity for its stakeholders, reflecting a proactive approach in its operational and financial strategies.

Nova Minerals Proposes Employee Share Options to Boost Stakeholder Alignment
Mar 14, 2025

Nova Minerals Limited has announced a proposal to issue options to its directors, contractors, and employees under its Employee Share Option Plan. This initiative aims to align the interests of the company’s stakeholders with those of its shareholders, incentivizing long-term value creation and conserving cash resources. The options are structured to vest upon achieving specific milestones, such as the completion of a pre-feasibility study and the first commercial sale of antimony, which could significantly impact Nova’s operational and financial positioning.

Nova Minerals Advances Gold and Antimony Projects
Mar 12, 2025

Nova Minerals is concurrently developing a tier one gold asset and securing U.S. domestic antimony supply, indicating a strategic move to strengthen its market position and resource base. This development could have significant implications for the company’s operations and stakeholders, potentially enhancing its industry standing and contributing to the stability of domestic resource supply.

Nova Minerals to Present at Emerging Growth Conference
Feb 13, 2025

Nova Minerals Limited has announced its participation in the Emerging Growth Company Conference, where CEO Christopher Gerteisen will present. The event offers shareholders and investors a chance to engage with the CEO and gain insights into the company’s operations and strategies, particularly the Estelle Gold Project. The conference represents an opportunity for Nova to enhance its visibility and communicate its progress and future plans to stakeholders, potentially impacting its industry positioning and shareholder engagement.

Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.

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.