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NVO Stock Chart & Stats
C$0.12
C$0.00(0.00%)
At close: 4:00 PM EST
C$0.12
C$0.00(0.00%)
Day’s Range― - ―
52-Week RangeC$0.05 - C$0.28
Previous CloseN/A
Volume19.40K
Average Volume (3M)322.94K
Market Cap
C$22.75M
Enterprise ValueC$36.95
Total Cash (Recent Filing)C$10.60M
Total Debt (Recent Filing)C$285.00K
Price to Earnings (P/E)―
Beta0.97
Next EarningsN/A
EPS EstimateN/A
Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)N/A
Shares Outstanding413,677,900
10 Day Avg. Volume496,204
30 Day Avg. Volume322,941
Financial Highlights & Ratios
PEG Ratio0.58
Price to Book (P/B)1.07
Price to Sales (P/S)0.00
P/FCF Ratio-4.09
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-sheet ResilienceVery low reported debt (debt-to-equity ~0.7%) provides durable financial flexibility and lowers fixed financing costs, which supports continued exploration spending and reduces near-term solvency risk. Over a 2-6 month horizon this cushioning preserves optionality for project development or funding rounds.
Moderating Operating Cash BurnOperating cash outflows have materially narrowed from ~-$47.4M in 2023 to about -$10.9M TTM, indicating improved cost control or smaller program scale. This moderation extends the company’s runway, reduces near-term capital pressure and meaningfully improves the sustainability of exploration programs over months.
Focused Australian Gold Exploration PipelineA clear, concentrated business model—exploration and development of Australian gold projects—creates structural optionality: successful discoveries can materially re-rate fundamentals. The project-focused model is durable across months because geological progress, permitting and drill results unfold over longer cycles.
Bears Say
No Recent Revenue; Persistent Net LossesThe absence of revenue since 2023 combined with recurring multi‑million dollar net losses means the company lacks an internal earnings engine to fund operations. Over a 2-6 month horizon, this undermines financial self-sufficiency and increases dependence on external capital or asset monetization to sustain exploration.
Persistent Negative Free Cash FlowConsistent negative free cash flow forces ongoing external financing or asset divestitures to maintain activities. This structural cash shortfall elevates dilution and execution risk for multi-month mine-building or drill campaigns, constraining the company's ability to advance projects without new capital.
Erosion Of Equity And Asset BaseMaterial decline in reported assets and equity over recent years signals tangible value erosion and reduces collateral and strategic flexibility. Over months this limits borrowing capacity and the ability to fund or joint-venture projects, increasing the company's vulnerability if further adverse results occur.
Novo Resources News
NVO FAQ
What was Novo Resources Corp’s price range in the past 12 months?
Novo Resources Corp lowest stock price was C$0.05 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$22.75M.
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.
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 413,677,900 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
Company Description
Novo Resources Corp
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 focus is centered on identifying gold deposits. Its most significant holding is the Beatons Creek property, situated within the Pilbara region of Western Australia. Founded in 2009, the corporation was initially registered as Galliard Resources Corp. before officially adopting the name Novo Resources Corp. in June 2011. Its main corporate office is located in Vancouver, Canada.
Technical Analysis
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