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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$0.06 - C$0.28
Previous CloseN/A
Volume19.40K
Average Volume (3M)322.94K
Market Cap
C$24.82M
Enterprise ValueC$14.65M
Total Cash (Recent Filing)C$10.60M
Total Debt (Recent Filing)C$285.00K
Price to Earnings (P/E)―
Beta0.89
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 leverage gives Novo structural financial flexibility: with minimal debt service the company can endure exploration cycles, pursue farm-outs or staged development, and has lower short-term bankruptcy risk, extending runway for enduring value-creation activities.
Diverse Monetization PathwaysNovo’s explicit business model—realizing value through asset sales, joint ventures, royalties, equity stakes and market financings—provides multiple durable routes to crystallize exploration value and fund programs without relying on operating cash flow from production.
Improving Operating Cash Flow TrendA sustained reduction in operating cash burn indicates improving cost discipline or lower activity funding needs. This trend lengthens the company’s financing runway, reduces near-term reliance on dilutive capital raises, and improves the odds of reaching a self-sustaining activity cadence.
Bears Say
No Recurring Revenue / Ongoing LossesThe absence of recurring revenue and continued net losses mean Novo cannot self-fund exploration or development; structurally this forces dependency on asset sales, joint ventures or equity markets to finance operations, increasing dilution and execution risk over the medium term.
Eroding Equity And Asset BaseMaterial shrinkage of assets and shareholders' equity reduces optionality for future transactions and diminishes collateral for financing. This structural erosion likely reflects impairments or disposals, weakening bargaining power in JV or farm-out negotiations and limiting growth capacity.
Persistent Negative Free Cash FlowContinued negative free cash flow creates an enduring reliance on capital markets or one-off asset monetizations to fund programs. That dependence raises the probability of dilution, timing mismatches for project advancement, and execution risk for multi-stage exploration development.
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$0.06 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$24.82M.
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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Options Prices
Currently, No data available
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