Novo Resources Financials
| NVO Stock | CAD 0.1 0.01 5.56% |
Novo |
Novo Resources Stock Summary
Novo Resources competes with Lion One, New Found, Eskay Mining, and Goliath Resources. Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada. NOVO RESOURCES operates under Gold classification in Canada and is traded on Toronto Stock Exchange. It employs 111 people.| Foreign Associates | |
Specialization | Basic Materials, Materials |
| Instrument | Canada Stock View All |
| Exchange | Toronto Exchange |
| ISIN | CA67010B1022 |
| Business Address | 1199 West Hastings |
| Sector | Metals & Mining |
| Industry | Materials |
| Benchmark | Dow Jones Industrial |
| Website | www.novoresources.com |
| Phone | 416 543 3120 |
| Currency | CAD - Canadian Dollar |
You should never invest in Novo Resources without having analyzed its financial statements. Do not rely on someone else's analysis or guesses about the future performance of Novo Stock, because this is throwing your money away. Analyzing the key information contained in Novo Resources' financial statements can give you an edge over other investors and help to ensure that your investments perform well for you.
Novo Resources Key Financial Ratios
Novo Resources' financial ratios allow both analysts and investors to convert raw data from Novo Resources' financial statements into concise, actionable information that can be used to evaluate the performance of Novo Resources over time and compare it to other companies across industries.| Return On Equity | -0.38 | ||||
| Return On Asset | -0.14 | ||||
| Target Price | 3.25 | ||||
| Beta | 1.46 |
Novo Financial Ratios Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Novo Resources's current stock value. Our valuation model uses many indicators to compare Novo Resources value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Novo Resources competition to find correlations between indicators driving Novo Resources's intrinsic value. More Info.Novo Resources Corp is regarded third in return on equity category among its peers. It also is regarded third in return on asset category among its peers . Comparative valuation analysis is a catch-all model that can be used if you cannot value Novo Resources by discounting back its dividends or cash flows. This model doesn't attempt to find an intrinsic value for Novo Resources' Stock. Still, instead, it compares the stock's price multiples to a benchmark or nearest competition to determine if the stock is relatively undervalued or overvalued.Novo Resources Corp Systematic Risk
Novo Resources' systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Novo Resources volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The function did not generate any output. Please change time horizon or modify your input parameters. The output start index for this execution was one with a total number of output elements of sixty. The Beta measures systematic risk based on how returns on Novo Resources Corp correlated with the market. If Beta is less than 0 Novo Resources generally moves in the opposite direction as compared to the market. If Novo Resources Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Novo Resources Corp is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Novo Resources is generally in the same direction as the market. If Beta > 1 Novo Resources moves generally in the same direction as, but more than the movement of the benchmark.
Novo Resources January 18, 2025 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Novo Resources help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Novo Resources Corp. We use our internally-developed statistical techniques to arrive at the intrinsic value of Novo Resources Corp based on widely used predictive technical indicators. In general, we focus on analyzing Novo Stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Novo Resources's daily price indicators and compare them against related drivers.
| Downside Deviation | 5.35 | |||
| Information Ratio | 0.055 | |||
| Maximum Drawdown | 18.43 | |||
| Value At Risk | (6.25) | |||
| Potential Upside | 10.67 |
Other Information on Investing in Novo Stock
Novo Resources financial ratios help investors to determine whether Novo Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Novo with respect to the benefits of owning Novo Resources security.