| NSRPF Stock | | | USD 0.05 0.0006 1.13% |
President
Mr. Ronan Joseph SaboWalsh serves as Chief Financial Officer, Corporationrationrate Secretary of the Company. Mr. SaboWalsh has over 5 years experience in corporate finance. He was employed by Baron Global Financial Canada Ltd., a fullservice merchant bank providing ongoing financial and backoffice support to public companies, since 2011 and currently holds the title of Assistant Manager, Corporationrationrate Finance since 2017.
| Tenure | 7 years |
| Phone | 604-562-4854 |
| Web | https://www.novoresources.com |
SaboWalsh has extensive experience with public listings, merger transactions, and public company management, and holds a Bachelor of Commerce degree in finance from the University of British Columbia in Vancouver, BC.
Novo Resources Management Efficiency
The company has return on total asset
(ROA) of
(0.1062) % which means that it has lost $0.1062 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity
(ROE) of
(0.4899) %, meaning that it generated substantial loss on money invested by shareholders. Novo Resources' management efficiency ratios could be used to measure how well Novo Resources manages its routine affairs as well as how well it operates its assets and liabilities.
Novo Resources Corp has accumulated 37.38
M in total debt with debt to equity ratio
(D/E) of 0.26, which may suggest the company is not taking enough advantage from borrowing. Novo Resources Corp has a current ratio of 1.7, which is within standard range for the sector. Debt can assist Novo Resources until it has trouble settling it off, either with new capital or with free cash flow. So, Novo Resources' shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Novo Resources Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Novo to invest in growth at high rates of return. When we think about Novo Resources' use of debt, we should always consider it together with cash and equity.
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 Res operates under Gold classification in the United States and is traded on OTC Exchange. It employs 111 people. Novo Resources Corp [NSRPF] is traded as part of a regulated electronic over-the-counter service offered by the NASD.
Management Performance
Novo Resources Corp Leadership Team
Elected by the shareholders, the Novo Resources' board of directors comprises two types of representatives: Novo Resources inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Novo. The board's role is to monitor Novo Resources' management team and ensure that shareholders' interests are well served. Novo Resources' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Novo Resources' outside directors are responsible for providing unbiased perspectives on the board's policies.
Novo Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right otc stock is not an easy task. Is Novo Resources a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Currently Active Assets on Macroaxis
Other Information on Investing in Novo OTC Stock
Novo Resources financial ratios help investors to determine whether Novo OTC 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.