Novo Resources (NVO) Price & Analysis

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NVO Stock Chart & Stats

C$0.12

C$0.00(0.00%)

At close: Jan 08 4:00 PM EST

C$0.12

C$0.00(0.00%)

Day’s Range― - ―

52-Week RangeC$0.08 - C$0.28

Previous CloseN/A

Volume19.40K

Average Volume (3M)322.94K

Market Cap

C$47.88M

Enterprise ValueC$42.38M

Total Cash (Recent Filing)C$2.41M

Total Debt (Recent Filing)C$343.00K

Price to Earnings (P/E)―

Beta0.79

Next EarningsN/A

EPS EstimateN/A

Next Dividend Ex-DateN/A

Dividend YieldN/A

Share Statistics

EPS (TTM)N/A

Shares Outstanding354,630,280

10 Day Avg. Volume496,204

30 Day Avg. Volume322,941

Financial Highlights & Ratios

PEG Ratio0.02

Price to Book (P/B)0.41

Price to Sales (P/S)0.00

P/FCF Ratio-1.69

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

Bulls Say, Bears Say

Bulls Say

Low Leverage Balance SheetVery low leverage gives Novo durable financial flexibility typical explorers need: it reduces refinancing risk, preserves optionality to fund geological programs or structure JV/earn-in deals, and lengthens runway relative to highly leveraged peers when markets tighten.

Improving Loss / Burn TrendNarrowing losses and reduced cash burn versus 2023 indicate the company is trimming spending or achieving greater operational efficiency. That sustainable improvement lowers near-term funding frequency and enhances the chance to advance projects further before needing dilutive financing.

Flexible Monetization ModelA multi-path monetization approach (asset sales, JVs, spinouts, or development) is structurally beneficial for explorers: it allows the firm to realize value without full-scale mine construction, match partner risk appetites, and capture upside from discoveries through flexible deal structures.

Bears Say

No Revenue And Persistent LossesAbsence of recurring operating revenue and ongoing net losses mean the business remains pre-revenue; this structural profile forces reliance on capital markets or asset transactions to fund advancement, creating execution and dilution risk until production or material monetization occurs.

Consistent Negative Cash FlowPersistent negative operating and free cash flow signals the company cannot self-fund exploration and technical programs. Over the medium term this necessitates repeated external financing or asset monetization, which can dilute shareholders and constrain strategic optionality.

Negative Return On EquityA deeply negative ROE reflects that capital deployed has not generated shareholder value historically. Structurally, this hampers investor confidence and may raise the cost of capital, making it harder to raise funds on favorable terms to progress projects toward value-realizing milestones.

Novo Resources News

Novo Resources Updates Corporate Presentation to Showcase Evolving Gold Strategy

Novo Resources ( ($TSE:NVO) ) has provided an update. Novo Resources has released an updated corporate presentation, providing...

5d ago

Novo Resources Expands Belltopper Target and Ramps Up 2026 Drilling Across Australian Portfolio

Novo Resources ( ($TSE:NVO) ) has shared an update. Novo Resources has sharply advanced its Australian exploration portfolio,...

11d ago

Novo boosts Belltopper gold exploration target with higher tonnage and grades

Novo Resources ( ($TSE:NVO) ) has issued an update. Novo Resources has sharply upgraded the exploration target for...

12d ago

Novo Defines Drill Targets at Wyloo Gold-Silver-Antimony Project in Pilbara

The latest update is out from Novo Resources ( ($TSE:NVO) ). Novo Resources has outlined a series of...

13d ago

Novo Resources Unveils 2025 Sustainability Report, Emphasizing Integrity and Environmental Commitment

Novo Resources ( ($TSE:NVO) ) has issued an announcement. Novo Resources has released its 2025 Sustainability Report, emphasizing...

3M ago

Novo Resources Unveils Updated Investor Presentation Highlighting 2025 Milestones

Novo Resources ( ($TSE:NVO) ) just unveiled an update. Novo Resources has released an updated corporate presentation detailing...

3M ago

Novo Resources Unveils Promising Gold and Antimony Exploration Results in Pilbara

Novo Resources ( ($TSE:NVO) ) has provided an update. Novo Resources Corp. has reported promising exploration results from...

3M ago

Novo Resources Advances Exploration at Tibooburra Gold Project

Novo Resources ( ($TSE:NVO) ) just unveiled an update. Novo Resources Corp. has announced significant advancements in its...

4M ago

Novo Resources Advances Exploration at Tibooburra Gold Project

The latest announcement is out from Novo Resources ( ($TSE:NVO) ). Novo Resources has announced significant progress in...

4M ago

Novo Resources Initiates Drilling at Sherlock Crossing

An announcement from Novo Resources ( ($TSE:NVO) ) is now available. Novo Resources has commenced a maiden reverse...

6M ago

NVO FAQ

What was Novo Resources Corp’s price range in the past 12 months?

Novo Resources Corp lowest stock price was C$0.07 and its highest was C$0.28 in the past 12 months.

What is Novo Resources Corp’s market cap?

Novo Resources Corp’s market cap is C$47.88M.

When is Novo Resources Corp’s upcoming earnings report date?

The company’s upcoming earnings report date is not yet available.

How were Novo Resources Corp’s earnings last quarter?

Currently, no data Available

Is Novo Resources Corp overvalued?

According to Wall Street analysts Novo Resources Corp’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Novo Resources Corp pay dividends?

Novo Resources Corp does not currently pay dividends.

What is Novo Resources Corp’s EPS estimate?

Novo Resources Corp’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Novo Resources Corp have?

Novo Resources Corp has 354,630,280 shares outstanding.

What happened to Novo Resources Corp’s price movement after its last earnings report?

Currently, no data Available

Which hedge fund is a major shareholder of Novo Resources Corp?

Currently, no hedge funds are holding shares in TSE:NVO

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Novo Resources Stock Smart Score

Neutral

Insider Transactions

Bought Shares

Worth C$138.4K over
the Last 3 Months

Technicals

Fundamentals

Return on Equity

-21.84%

Trailing 12-Months

Asset Growth

-21.98%

Trailing 12-Months

Top Smart Score Stocks >

Company Description

Novo Resources Corp

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. The company primarily explores for gold deposits. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.