Novo Resources Corp Stock Price on October 25, 2024
| NVO Stock | CAD 0.07 0.01 7.14% |
Below is the normalized historical share price chart for Novo Resources Corp extending back to June 15, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Novo Resources stands at 0.07, as last reported on the 4th of December, with the highest price reaching 0.08 and the lowest price hitting 0.07 during the day.
If you're considering investing in Novo Stock, it is important to understand the factors that can impact its price. Novo Resources Corp has Sharpe Ratio of -0.0211, which conveys that the firm had a -0.0211% return per unit of risk over the last 3 months. Novo Resources exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please verify Novo Resources' Standard Deviation of 4.56, mean deviation of 2.83, and Risk Adjusted Performance of (0.01) to check out the risk estimate we provide.
At this time, Novo Resources' Total Stockholder Equity is very stable compared to the past year. As of the 4th of December 2024, Common Stock Shares Outstanding is likely to grow to about 312.3 M, while Capital Stock is likely to drop about 344.8 M. . At this time, Novo Resources' Price Book Value Ratio is very stable compared to the past year. As of the 4th of December 2024, Price Earnings To Growth Ratio is likely to grow to 0.02, while Price To Sales Ratio is likely to drop 0.84. Novo Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
200 Day MA 0.1109 | 50 Day MA 0.086 | Beta 1.459 |
Novo |
Sharpe Ratio = -0.0211
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| Negative Returns | NVO |
Estimated Market Risk
| 4.56 actual daily | 40 60% of assets are more volatile |
Expected Return
| -0.1 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Novo Resources is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Novo Resources by adding Novo Resources to a well-diversified portfolio.
Price Book 0.3565 | Enterprise Value Ebitda (0.26) | Price Sales 0.6577 | Shares Float 314.8 M | Wall Street Target Price 3.25 |
Novo Resources Valuation on October 25, 2024
It is possible to determine the worth of Novo Resources on a given historical date. On October 25, 2024 Novo was worth 0.09 at the beginning of the trading date compared to the closed value of 0.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Novo Resources stock. Still, in general, we apply an absolute valuation method to find Novo Resources' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Novo Resources where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Novo Resources' related companies.
| Open | High | Low | Close | Volume | |
| 0.09 | 0.1 | 0.09 | 0.09 | 45,295 | |
10/25/2024 | 0.09 | 0.09 | 0.09 | 0.09 | 216,748 |
| 0.1 | 0.1 | 0.09 | 0.09 | 54,200 |
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Novo Resources Trading Date Momentum on October 25, 2024
| On October 28 2024 Novo Resources Corp was traded for 0.09 at the closing time. The maximum traded price for the trading interval was 0.1 and the lowest daily price was 0.09 . The daily volume was recorded at 54.2 K. The volume of trading on 28th of October 2024 did not cause price change. The trading delta at closing time to the closing price today is 0.00% . |
Novo Resources Corp Fundamentals Correlations and Trends
By evaluating Novo Resources' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Novo Resources' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Novo financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Novo Resources Stock history
Novo Resources investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Novo is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Novo Resources Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Novo Resources stock prices may prove useful in developing a viable investing in Novo Resources
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 297.4 M | 312.3 M | |
| Net Loss | -94.9 M | -90.1 M |
Novo Resources Quarterly Net Working Capital |
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Novo Resources Stock Technical Analysis
Novo Resources technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Novo Resources Period Price Range
Low | December 4, 2024
| High |
0.00 | 0.00 |
Novo Resources Corp cannot be verified against its exchange. Please verify the symbol is currently traded on Toronto Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Novo Resources December 4, 2024 Market Strength
Market strength indicators help investors to evaluate how Novo Resources stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Novo Resources shares will generate the highest return on investment. By undertsting and applying Novo Resources stock market strength indicators, traders can identify Novo Resources Corp entry and exit signals to maximize returns
Novo Resources Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Novo Resources' price direction in advance. Along with the technical and fundamental analysis of Novo Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Novo to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.01) | |||
| Jensen Alpha | (0.18) | |||
| Total Risk Alpha | (0.72) | |||
| Treynor Ratio | (0.13) |
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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.