Novo Resources Corp (TSE:NVO)
TSX:NVO
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$0.08 - C$0.28
Previous CloseN/A
Volume19.40K
Average Volume (3M)322.94K
Market Cap
C$33.09M
Enterprise ValueC$21.06M
Total Cash (Recent Filing)C$7.74M
Total Debt (Recent Filing)C$308.00K
Price to Earnings (P/E)―
Beta1.14
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 / Strong SolvencyVery low reported leverage materially reduces near-term solvency risk for an exploration company. This structural strength preserves optionality to pursue transactions, joint ventures or staged development without immediate pressure from creditors, supporting multi-month funding flexibility.
Narrowing Losses And Reduced Cash BurnMaterial improvement in net losses and operating cash outflows signals durable progress in cost control and capital intensity. A sustained trend of narrowing losses lowers near-term financing needs, improves runway, and increases the probability management can advance assets toward monetizable milestones over the next several months.
Flexible Exploration Monetization ModelA diversified monetization toolbox (asset sales, JV/farm-outs, equity stakes, royalties) is a durable business-model advantage for a non-producing explorer. It allows management to realize asset value through multiple strategic routes, reducing reliance on a single funding source across 2–6 months.
Bears Say
Effectively Zero Recent RevenueAbsence of recurring revenue means the company's fundamentals depend on speculative exploration outcomes or asset transactions rather than operating cash flow. This structural revenue gap prolongs reliance on external funding and raises execution risk until production or sustained royalties emerge.
Persistent Negative Operating And Free Cash FlowConsistent negative operating and free cash flow is a durable constraint: the business must continually access capital markets or partner funding. Even with improvement, ongoing cash burn increases dilution risk and limits the company's ability to self-fund exploration and development over the medium term.
Sharp Erosion Of Equity And AssetsA pronounced decline in equity and asset base reflects value erosion from write-downs or losses, weakening balance-sheet resilience. Lower net assets reduce collateral capacity and bargaining power in deals, increasing the likelihood of dilutive financing or asset sales to fund continued operations.
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$0.08 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$33.09M.
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
Novo Resources Stock Smart Score
Neutral
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Insider Transactions
Bought Shares
Worth C$138.4K over
the Last 3 Months
the Last 3 Months
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
66.66%
12-Months-Change
Fundamentals
Return on Equity
-36.47%
Trailing 12-Months
Asset Growth
-28.06%
Trailing 12-Months
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.
Technical Analysis
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Options Prices
Currently, No data available
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