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Novo Resources
(TSX:NVO)
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Rating:42Neutral
Price Target:
C$0.06
▼(-51.67% Downside)
Action:Reiterated
Date:05/15/26
The score is weighed down primarily by weak financial performance (no recent revenue, ongoing losses, and negative cash flow) and a bearish technical trend (price below key moving averages with negative MACD). Valuation provides limited support due to a negative P/E and no provided dividend yield.
Positive Factors
Focused Exploration Strategy
Novo’s clear, single-asset-class focus on discovering and advancing Australian gold projects creates durable operational clarity. Concentrated expertise and targeted capital allocation improve prospect selection and program efficiency versus diversified juniors, supporting steady progress on high-impact drilling and resource delineation over the next several months.
Negative Factors
No Revenue Since 2023
The cessation of revenue removes operating cash inflows and forces reliance on financing or asset monetization. Without demonstrable project cash generation, the company’s long-term viability depends on exploration success or external funding, increasing execution and financing risk over the coming months.
Read all positive and negative factors
Positive Factors
Negative Factors
Focused Exploration Strategy
Novo’s clear, single-asset-class focus on discovering and advancing Australian gold projects creates durable operational clarity. Concentrated expertise and targeted capital allocation improve prospect selection and program efficiency versus diversified juniors, supporting steady progress on high-impact drilling and resource delineation over the next several months.
Read all positive factors
Novo Resources (NVO) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$24.82M
Dividend YieldN/A
Average Volume (3M)322.94K
Price to Earnings (P/E)―
Beta (1Y)0.96
Revenue GrowthN/A
EPS Growth-8.24%
CountryCA
Employees23
SectorBasic Materials
Sector Strength58
IndustryGold
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
Novo Resources Business Overview & Revenue Model
Company Description
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 ...
How the Company Makes Money
null...
Novo Resources Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
62
Positive
Cash Flow
26
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 92.04M | 112.24M |
| Gross Profit | -193.00K | -193.00K | -2.15M | -5.96M | -23.64M | 1.48M |
| EBITDA | -19.81M | -20.70M | -19.07M | -43.05M | 15.52M | 39.87M |
| Net Income | -21.45M | -22.39M | -23.23M | -127.81M | -105.42M | -704.00K |
Balance Sheet | ||||||
| Total Assets | 64.98M | 61.35M | 85.27M | 106.45M | 256.16M | 462.68M |
| Cash, Cash Equivalents and Short-Term Investments | 10.60M | 7.74M | 10.80M | 11.76M | 48.08M | 32.45M |
| Total Debt | 285.00K | 308.00K | 427.00K | 1.61M | 6.60M | 80.49M |
| Total Liabilities | 13.11M | 15.14M | 15.78M | 21.53M | 68.19M | 148.42M |
| Stockholders Equity | 51.87M | 46.20M | 69.50M | 84.92M | 187.97M | 314.26M |
Cash Flow | ||||||
| Free Cash Flow | -10.87M | -12.15M | -16.73M | -49.13M | -51.66M | -38.33M |
| Operating Cash Flow | -10.87M | -12.15M | -16.73M | -47.43M | -46.19M | -19.66M |
| Investing Cash Flow | 9.06M | 9.06M | 19.69M | -1.47M | 119.69M | -7.76M |
| Financing Cash Flow | 2.76M | -169.00K | -3.81M | 12.83M | -57.87M | 19.63M |
Novo Resources Technical Analysis
Negative
0.12
Price Trends
0.07
Negative
0.08
Negative
0.11
Negative
Market Momentum
>-0.01
Negative
40.28
Neutral
>-0.01
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:NVO, the sentiment is Negative. The current price of 0.12 is above the 20-day moving average (MA) of 0.06, above the 50-day MA of 0.07, and above the 200-day MA of 0.11, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 40.28 is Neutral, neither overbought nor oversold. The STOCH value of >-0.01 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:NVO.
Novo Resources Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | C$72.84M | -19.00 | -8.63% | ― | ― | -33.93% | |
46 Neutral | C$51.87M | -11.75 | -25.60% | ― | ― | -19.89% | |
45 Neutral | C$34.03M | -1.60 | -74.08% | ― | ― | -73.78% | |
44 Neutral | C$24.51M | 17.03 | 2.73% | ― | ― | ― | |
44 Neutral | C$27.09M | -1.79 | -113.96% | ― | ― | -64.11% | |
42 Neutral | C$24.82M | -1.00 | -37.41% | ― | ― | -8.24% |
* Basic Materials Sector Average
TSE:NVO
Novo Resources
0.06
-0.05
-42.86%
TSE:BTR
BonTerra Resources
0.16
-0.03
-15.79%
TSE:LVG
Lake Victoria Gold Ltd
0.26
0.07
34.21%
TSE:WHN
Westhaven Ventures
0.29
0.13
83.87%
TSE:RDG
Ridgeline Minerals
0.16
0.00
0.00%
TSE:QIM
Quimbaya Gold Inc
0.33
-0.11
-25.00%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.