Nova Minerals (AU:NVA)
ASX:NVA
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Nova Minerals
(Sydney:NVA)
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Rating:49Neutral
Price Target:
AU$0.61
â–¼(-44.31% Downside)
Action:Reiterated
Date:06/20/26
The score is primarily constrained by weak financial performance driven by recurring losses and persistent negative cash flow, despite a comparatively strong, low-debt balance sheet. Technicals also detract due to a clear downtrend with only tentative oversold stabilization signals, while valuation remains challenged because the company is loss-making and provides no indicated dividend yield.
Positive Factors
Large, prospective land position (Estelle Project)
Holding a large, highly prospective land package at Estelle is a durable strategic advantage for an exploration company. It increases the probability of material resource growth, supports multi-year drilling programs, and creates optionality for farm-outs, JV partners or future project monetization.
Negative Factors
Persistent negative operating and free cash flow
Sustained cash burn is a structural weakness for an exploration firm: it forces repeated capital raises, increases dilution risk, and constrains continuous funding of drilling and studies. Negative FCF limits ability to self-fund development or meet obligations without external support.
Read all positive and negative factors
Positive Factors
Negative Factors
Large, prospective land position (Estelle Project)
Holding a large, highly prospective land package at Estelle is a durable strategic advantage for an exploration company. It increases the probability of material resource growth, supports multi-year drilling programs, and creates optionality for farm-outs, JV partners or future project monetization.
Read all positive factors
Nova Minerals (NVA) vs. iShares MSCI Australia ETF (EWA)
Market Cap
AU$274.88M
Dividend YieldN/A
Average Volume (3M)1.61M
Price to Earnings (P/E)―
Beta (1Y)1.50
Revenue GrowthN/A
EPS Growth-42.82%
CountryAU
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding38,181,050
10 Day Avg. Volume831,165
30 Day Avg. Volume1,607,398
Financial Highlights & Ratios
PEG Ratio0.17
Price to Book (P/B)0.90
Price to Sales (P/S)-13.05
P/FCF Ratio-6.87
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
Nova Minerals Business Overview & Revenue Model
Company Description
Nova Minerals Limited, an exploration enterprise established in 1987 and headquartered in Melbourne, Australia, actively seeks out mineral deposits across its properties in Australia, Canada, and the United States. The company primarily targets li...
How the Company Makes Money
Nova Minerals is primarily an exploration and development-stage company and, based on publicly available information, does not have established, recurring operating revenue from mining production (null). Its funding and value creation model is typ...
Nova Minerals Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
72
Positive
Cash Flow
24
Negative
| Breakdown | TTM | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | -1.66M | -7.05M | 0.00 | 47.42K | 0.00 | 0.00 |
| Gross Profit | -1.93M | -7.05M | -592.00K | -456.90K | -351.00K | -206.00K |
| EBITDA | -12.12M | -9.30M | -13.68M | -3.57M | 34.73M | -3.14M |
| Net Income | -20.30M | -11.02M | -16.28M | -11.48M | 34.69M | -3.13M |
Balance Sheet | ||||||
| Total Assets | 185.70M | 112.54M | 107.25M | 122.34M | 108.33M | 56.87M |
| Cash, Cash Equivalents and Short-Term Investments | 59.18M | 9.08M | 3.15M | 19.24M | 21.28M | 15.52M |
| Total Debt | 6.09M | 0.00 | 7.06M | 6.53M | 862.37K | 862.37K |
| Total Liabilities | 30.55M | 2.69M | 8.86M | 8.95M | 4.00M | 4.29M |
| Stockholders Equity | 147.67M | 102.16M | 90.70M | 105.60M | 96.75M | 46.78M |
Cash Flow | ||||||
| Free Cash Flow | -10.08M | -13.39M | -16.32M | -26.94M | -28.71M | -23.18M |
| Operating Cash Flow | -6.37M | -7.64M | -3.67M | -3.08M | -2.86M | -2.14M |
| Investing Cash Flow | 1.79M | 4.12M | -13.32M | -24.14M | -3.96M | -21.06M |
| Financing Cash Flow | 52.11M | 9.79M | 986.89K | 25.16M | 11.15M | 34.88M |
Nova Minerals Technical Analysis
Negative
1.09
Price Trends
0.71
Negative
0.76
Negative
0.82
Negative
Market Momentum
-0.01
Positive
30.41
Neutral
11.86
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AU:NVA, the sentiment is Negative. The current price of 1.09 is above the 20-day moving average (MA) of 0.73, above the 50-day MA of 0.71, and above the 200-day MA of 0.82, indicating a bearish trend. The MACD of -0.01 indicates Positive momentum. The RSI at 30.41 is Neutral, neither overbought nor oversold. The STOCH value of 11.86 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for AU:NVA.
Nova Minerals Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | AU$533.42M | 9.46 | 14.39% | ― | 19.35% | 276.19% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | AU$499.76M | 3.68 | 105.77% | ― | 1594866.18% | ― | |
49 Neutral | AU$274.88M | -11.52 | -16.25% | ― | ― | -42.82% | |
44 Neutral | AU$228.57M | -34.15 | 1.57% | ― | ― | 93.36% | |
43 Neutral | AU$28.71M | 4.21 | 43.34% | ― | ― | ― |
* Basic Materials Sector Average
AU:NVA
Nova Minerals
0.65
0.33
103.13%
AU:AMI
Aurelia Metals
0.31
0.11
55.00%
AU:S2R
S2 Resources
0.06
-0.01
-16.42%
AU:NMG
Ora Gold
0.05
0.03
150.00%
AU:AUE
Aurum Resources Limited
0.56
0.10
21.74%
Nova Minerals Corporate Events
Nova Minerals Returns to ASX Trading After Corporate Restructure
Jun 17, 2026
Nova Minerals Corp. has had the suspension of trading in its securities lifted on the ASX, with quotation reinstated from the commencement of trading on 18 June 2026. The move follows the implementation of court-approved schemes of arrangement inv...
Nova Minerals Details Capital Structure and Governance for ASX Admission
Jun 17, 2026
Nova Minerals Corp has outlined key details of its admission to the ASX, confirming that all conditions precedent for its restructuring schemes have been satisfied, including shareholder and court approvals, and that prior to delisting Nova Minera...
Nova Minerals Launches Equity Incentive Plan to Strengthen Talent Retention and Shareholder Alignment
Jun 17, 2026
Nova Minerals Corp has adopted an Equity Incentive Plan designed to attract, retain, and motivate key directors, employees, and consultants by allowing them to acquire and maintain an equity interest in the company or receive incentive compensatio...
Nova Minerals Outlines ASX Governance Compliance Ahead of Listing
Jun 17, 2026
Nova Minerals Corp, which is joining the official list of the Australian Securities Exchange, has set out the extent to which it will comply with the ASX Corporate Governance Council’s latest principles and recommendations. The board has app...
Nova Minerals Expands Capital Flexibility and Limits Director Liability in Amended Charter
Jun 17, 2026
Nova Minerals Corp has amended and restated its articles of incorporation to authorize up to 510 million shares, comprising 500 million common shares and 10 million preferred shares with a par value of $0.001 each. The board is empowered to create...
Nova Minerals Board Backs Schemes to Shift Domicile to U.S.
Jun 17, 2026
Nova Minerals Limited, an Australian mineral exploration and development company, operates through a listed structure that includes ordinary shareholders and listed warrantholders. Its business is organised under a corporate framework that support...
Nova Minerals Corp Seeks ASX Listing via CDIs
Jun 17, 2026
Nova Minerals Corp has lodged an application for admission to the official list of the Australian Securities Exchange as an ASX Listing, seeking quotation of 222,472,176 Chess Depositary Interests. The move formalises the company’s plan to l...
Nova Minerals completes U.S. re-domicile ahead of ASX CDI debut
Jun 17, 2026
Nova Minerals Corp., formerly Nova Minerals Limited, has completed a corporate re-domicile from Australia to the United States, becoming the new ultimate holding company of the Nova group and shifting its place of incorporation to Nevada. The comp...
Amara Minerals Raises $2.2m at Premium as Nova Minerals Expands Strategic Stake
Jun 16, 2026
Amara Minerals has secured firm commitments to raise about $2.2 million via a share placement priced at A$0.005, a 25% premium to its last traded price, with free attaching listed options on a one-for-two basis subject to shareholder approval. The...
Nova Minerals Completes U.S. Redomiciliation and Shifts Listing to NYSE American
Jun 16, 2026
Nova Minerals has completed its redomiciliation from Australia to the United States via schemes of arrangement that transfer all existing shares and Nasdaq‑listed warrants to newly created U.S. holding company Nova Minerals Corp. Investors i...
Nova Minerals Wins ASX Waiver to Streamline U.S. Redomiciliation
Jun 10, 2026
Nova Minerals has secured a waiver from ASX Listing Rule 6.23.2 to allow the cancellation of its unquoted options for consideration, without requiring separate shareholder approval, as part of its redomiciliation to the United States. The waiver f...
Nova Minerals Halts Trading as It Shifts Corporate Domicile to U.S.
Jun 5, 2026
Nova Minerals is restructuring its corporate base by redomiciling from Australia to the United States, while maintaining its presence on major exchanges through ASX-listed CHESS Depositary Interests and NYSE American-listed common stock and warran...
Nova Minerals to Suspend ASX Trading as U.S. Holdco Takes Over
Jun 3, 2026
Nova Minerals Limited, a dual-listed mineral exploration company with main operations in Alaska and corporate offices in Australia, is restructuring its corporate architecture so that Nova Minerals Corp becomes the new U.S. holding entity for the ...
Nova Minerals Schemes Take Effect as US Holding Company Takes Control
Jun 3, 2026
Nova Minerals has secured court approval for schemes of arrangement under which newly formed Nova Minerals Corp in the U.S. will acquire all of the company’s issued ordinary shares and Nasdaq-listed warrants, becoming the new holding entity ...
Nova Minerals Issues New Shares and ADSs Following Warrant Exercises
Jun 2, 2026
Nova Minerals has issued 36,000 fully paid ordinary shares following the exercise of U.S. warrants, along with 3,000 American Depositary Shares that will trade on Nasdaq, each ADS representing twelve ordinary shares. The move modestly increases th...
Nova Minerals Seeks Quotation for Additional 36,000 ASX Shares
Jun 2, 2026
Nova Minerals Limited has applied for quotation of 36,000 new ordinary fully paid shares on the Australian Securities Exchange, with an issue date of 2 June 2026. The additional securities, arising from the exercise or conversion of existing instr...
Nova Minerals Investors Back Shift to U.S. Holding Company Structure
May 31, 2026
Nova Minerals’ shareholders and holders of Nasdaq-listed warrants have overwhelmingly approved dual schemes of arrangement that will see Nova Minerals Corp become the new U.S. holding entity for the group. The move consolidates ownership of ...
Nova Minerals launches fully funded 2026 Estelle drill and antimony push
May 27, 2026
Nova Minerals has launched a fully funded 2026 field season at its Estelle Gold and Critical Minerals Project in Alaska, underpinned by more than A$85 million in cash and U.S. Department of War funding. The company plans up to 10,000 meters of dri...
Nova Minerals Sets Late-May Vote on Schemes Backed by Independent Expert
May 22, 2026
Nova Minerals Limited has called meetings of shareholders and listed warrantholders for 29 May 2026 in Sydney and online to vote on proposed share and warrant schemes. Investors of record by specified May dates, including ADS holders via Bank of N...
Nova Minerals Issues New Shares and ADSs, Clears Path for Secondary Trading
May 12, 2026
Nova Minerals has issued 116,400 fully paid ordinary shares following the exercise of various unquoted underwriter U.S. warrants, alongside 9,700 American Depositary Shares that will trade on Nasdaq, each ADS representing 12 ordinary shares. The c...
Nova Minerals Seeks ASX Quotation for Additional Shares
May 12, 2026
Nova Minerals Limited has applied for quotation of an additional 116,400 ordinary fully paid shares on the Australian Securities Exchange. The new securities, issued on May 13, 2026, arise from the exercise or conversion of existing options or oth...
Nova Minerals Issues New Shares and ADSs, Secures Secondary Trading Exemption
May 12, 2026
Nova Minerals has issued 1,725,756 fully paid shares following the exercise of unquoted underwriter US warrants and will list 143,813 American Depositary Shares on Nasdaq, each representing 12 ordinary shares. The move broadens its tradable equity...
Nova Minerals Seeks ASX Quotation for Additional Ordinary Shares
May 12, 2026
Nova Minerals Limited has applied to the Australian Securities Exchange for quotation of 1,725,756 new ordinary fully paid shares under its ticker NVA. The securities, issued on May 12, 2026, arise from the exercise of options or conversion of oth...
Nova Minerals Completes Record Winter Freight Run to Advance Antimony Project in Alaska
May 10, 2026
Nova Minerals has completed its 2026 winter freight mobilization to the Estelle Project in Alaska, delivering all essential heavy equipment and supplies required for near-term antimony mining, extraction, and processing under a Department of War a...
Nova Minerals Completes Major Winter Freight Push to Advance Alaska Antimony Project
May 10, 2026
Nova Minerals has completed its 2026 winter freight mobilisation to the Estelle Project in Alaska, delivering about 1.5 million pounds of heavy equipment and supplies via a snow road from Willow to the base camp. The shipments included earthmoving...
Nova Minerals Moves Up ADS Voting Record Date Ahead of Share Scheme Meeting
Apr 30, 2026
Nova Minerals has brought forward the record date for American Depositary Share holders entitled to vote at its upcoming share scheme meeting in late May. To give depositary Bank of New York Mellon sufficient time to gather and tabulate instructio...
Nova Minerals Registers Scheme Booklet as It Pushes U.S. Re‑Domiciliation Plan
Apr 21, 2026
Nova Minerals has registered its scheme booklet with the Australian Securities and Investments Commission as it advances a planned re‑domiciliation from Australia to the United States via separate schemes of arrangement for shareholders and ...
Nova Minerals Wins Court Go-Ahead for U.S. Redomiciliation Plan
Apr 21, 2026
Nova Minerals has received approval from the Supreme Court of New South Wales to convene shareholder and warrant holder meetings and distribute a scheme booklet, advancing its plan to redomicile from Australia to the U.S. via schemes of arrangemen...
Nova Minerals triples warrant exchange ratio in revised U.S. redomiciliation deal
Mar 31, 2026
Nova Minerals has amended the terms of its previously announced redomiciliation scheme with U.S.-based Nova Minerals Corp, changing the consideration for its Nasdaq-listed warrants in order to satisfy New York Stock Exchange listing requirements. ...
Nova Minerals corrects ASX filing on warrant-related share issuance
Mar 30, 2026
Nova Minerals has corrected an error in a previously lodged Appendix 2A application for quotation of securities with the ASX, clarifying that only 80,100 ordinary fully paid shares should have been included, rather than the 120,000 initially state...
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.