Breakdown | ||||
Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Mar 2020 |
---|---|---|---|---|
Income Statement | Total Revenue | |||
0.00 | 92.04M | 112.24M | 0.00 | 0.00 | Gross Profit |
-5.96M | -23.64M | 1.48M | -2.07M | 0.00 | EBIT |
-45.38M | -122.20M | -68.17M | -29.32M | -9.84M | EBITDA |
-43.05M | 15.52M | 39.87M | -22.36M | -9.16M | Net Income Common Stockholders |
-127.81M | -105.42M | -704.00K | -27.80M | -11.96M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
11.76M | 48.08M | 32.45M | 40.69M | 28.79M | Total Assets |
106.45M | 256.16M | 462.68M | 371.44M | 158.05M | Total Debt |
1.61M | 6.60M | 80.49M | 75.11M | 4.71M | Net Debt |
-10.00M | -41.33M | 48.14M | 34.62M | -24.00M | Total Liabilities |
21.53M | 68.19M | 148.42M | 126.97M | 9.65M | Stockholders Equity |
84.92M | 187.97M | 314.26M | 244.47M | 148.40M |
Cash Flow | Free Cash Flow | |||
-49.13M | -51.66M | -38.33M | -27.76M | -27.03M | Operating Cash Flow |
-47.43M | -46.19M | -19.66M | -10.73M | -7.75M | Investing Cash Flow |
-1.47M | 119.69M | -7.76M | -77.83M | -21.94M | Financing Cash Flow |
12.83M | -57.87M | 19.63M | 100.41M | 15.98M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
78 Outperform | $13.21B | 22.52 | 39.23% | 2.00% | 34.41% | 139.62% | |
78 Outperform | C$2.38B | 17.52 | 27.15% | ― | 67.54% | ― | |
70 Outperform | $6.15B | 276.25 | 1.33% | 0.78% | 6.02% | ― | |
66 Neutral | $5.90B | ― | -18.54% | 4.52% | -0.18% | -2195.85% | |
49 Neutral | $1.93B | -1.47 | -21.02% | 3.74% | 0.80% | -29.57% | |
48 Neutral | $405.59M | 3.61 | -8.76% | ― | 4.96% | -182.95% | |
41 Neutral | C$33.69M | ― | -145.85% | ― | ― | ― |
Novo Resources Corp. reported significant progress in its exploration activities during the March Quarter of 2025, with drilling commenced at the Balla Balla Gold Project in Western Australia and field campaigns completed at the Tibooburra and John Bull Gold Projects in New South Wales. The company remains financially robust with a cash balance of A$10 million and investments of approximately A$35.6 million. Novo is well-positioned to execute its exploration strategy, with a strong pipeline of news expected in the coming quarter, and is actively engaging with Traditional Owners to ensure heritage protection for its projects.
Spark’s Take on TSE:NVO Stock
According to Spark, TipRanks’ AI Analyst, TSE:NVO is a Underperform.
Novo Resources is facing significant financial challenges, primarily due to its inability to generate revenue and negative profitability. While the company benefits from low debt levels, its weak cash flow and negative valuation metrics indicate substantial risks. The technical analysis also reflects a lack of positive momentum, making it a less attractive stock at this time.
To see Spark’s full report on TSE:NVO stock, click here.
Novo Resources Corp. has launched a new corporate presentation to provide investors with an updated overview of its growth strategy and key projects within its Australian gold exploration portfolio. This initiative underscores Novo’s commitment to transparency and highlights the potential of its projects, aiming to deliver long-term value to shareholders. The presentation is accessible on the company’s website, reflecting Novo’s strategic focus on advancing exploration programs and enhancing its market position.
Spark’s Take on TSE:NVO Stock
According to Spark, TipRanks’ AI Analyst, TSE:NVO is a Underperform.
Novo Resources is facing significant financial challenges, primarily due to its inability to generate revenue and negative profitability. While the company benefits from low debt levels, its weak cash flow and negative valuation metrics indicate substantial risks. The technical analysis also reflects a lack of positive momentum, making it a less attractive stock at this time.
To see Spark’s full report on TSE:NVO stock, click here.
Novo Resources Corp. has announced plans to commence a targeted RC drilling program at the Clone prospect within the Tibooburra Gold Project in April 2025. The program aims to explore high-grade gold mineralization trends identified through recent mapping and sampling activities. This initiative is part of Novo’s strategy to capitalize on the exploration potential of the Tibooburra region, which includes historic goldfields and multiple mineralized trends. The project is expected to enhance Novo’s exploration portfolio and deliver significant value to shareholders.
Novo Resources Corp. has transitioned its shareholder registry services to Automic Pty Ltd, effective March 31, 2025. This change aims to enhance shareholder management through Automic’s secure online portal, allowing shareholders to efficiently manage their holdings. This strategic move is expected to streamline operations and improve shareholder engagement, reflecting Novo’s commitment to optimizing its corporate governance and stakeholder relations.
Novo Resources Corp. has announced the commencement of its maiden aircore drilling program at the Balla Balla Gold Project, targeting the Sholl Shear Zone’s structural complexities. This initiative aims to explore potential gold mineralization pathways, leveraging the area’s geological features, and could enhance Novo’s positioning in the gold exploration sector by uncovering significant mineral deposits.
Novo Resources Corp. has completed geological and geochemical sampling at its Tibooburra and John Bull Gold Projects in New South Wales, with results expected in mid-March 2025 to guide future drilling. Despite potential delays from Tropical Cyclone Zelia affecting Pilbara Projects, Novo is progressing with exploration activities, including ongoing assessments at the Toolunga Project and advancing applications at the Cane River Project, signaling a strategic expansion of its exploration portfolio.
Novo Resources Corp. has strengthened its exploration portfolio through new deals and licenses, particularly in the Onslow District of Western Australia, with a focus on gold and base metal discoveries. The company has executed agreements for projects in New South Wales and continues its work in Victoria, alongside strategic transactions that have bolstered its financial position, indicating a robust outlook for future exploration and development activities.