Novo Resources Corp (TSE:NVO)
TSX:NVO
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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$0.07 - C$0.28
Previous CloseN/A
Volume19.40K
Average Volume (3M)322.94K
Market Cap
C$31.03M
Enterprise ValueC$14.65M
Total Cash (Recent Filing)C$10.60M
Total Debt (Recent Filing)C$285.00K
Price to Earnings (P/E)―
Beta1.00
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%) materially reduces refinancing and interest-rate risk for an exploration company. This structural strength provides financial flexibility to pursue asset sales, farm-outs or staged development without being forced into distressed transactions, supporting resiliency over the next several months.
Monetizable Exploration Business ModelNovo’s core model — generating value through exploration and realizing it via asset sales, joint ventures, equity stakes or royalties — is durable for non-producing juniors. It structurally limits required capex when partnered, permits staged dilution through transactions, and aligns incentives with counterparties who fund development.
Improving Operating Cash Flow TrendOperating cash burn has meaningfully reduced versus 2023, indicating tighter cost control or lower activity intensity. A sustained reduction in negative OCF extends the company’s runway, reduces near-term external financing needs, and increases the feasibility of executing asset-monetization strategies over the next several months.
Bears Say
No Recurring RevenueThe absence of reported revenue since 2023 means the company lacks operating cash inflows from production. Structurally, this forces reliance on asset transactions, partner funding or capital raises to sustain exploration, increasing execution and financing risk and making near-term operational plans contingent on external events.
Persistent Net Losses And Negative FCFSizable recurring net losses and consistently negative free cash flow indicate ongoing value erosion. Over time this increases dependence on dilutive equity financings or asset disposals, constrains investment in higher-conviction exploration, and reduces strategic optionality versus better-capitalized peers.
Erosion Of Equity And Asset BaseMaterial declines in reported assets and shareholders' equity reflect write-downs, disposals or prior dilution. This structural shrinkage reduces collateral and transaction leverage for JV partners or lenders, limits balance-sheet optionality for large projects, and signals weakened long-term asset quality.
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$0.07 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$31.03M.
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
Underperform
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10
Technicals
SMA
Positive
20 days / 200 days
Momentum
66.66%
12-Months-Change
Fundamentals
Return on Equity
-37.41%
Trailing 12-Months
Asset Growth
-22.46%
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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