Ronan SaboWalsh - Novo Resources CFO Sec
| NVO Stock | CAD 0.08 0.01 10.00% |
Insider
Ronan SaboWalsh is CFO Sec of Novo Resources Corp
| Address | 1199 West Hastings Street, Vancouver, BC, Canada, V6E 3T5 |
| Phone | 416 543 3120 |
| Web | https://www.novoresources.com |
Novo Resources Management Efficiency
The company has return on total asset (ROA) of (0.1405) % which means that it has lost $0.1405 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.3752) %, 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. As of the 11th of December 2024, Return On Tangible Assets is likely to grow to -1.14. In addition to that, Return On Capital Employed is likely to grow to -0.44. At this time, Novo Resources' Total Assets are very stable compared to the past year. As of the 11th of December 2024, Non Current Assets Total is likely to grow to about 104.6 M, while Other Current Assets are likely to drop about 808.4 K.Similar Executives
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Management Performance
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.14 |
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.
| Alwin Roij, Exploration Geologist | ||
| Leonidas Karabelas, VP Communications | ||
| Michael MBA, Executive CEO | ||
| Ronan SaboWalsh, CFO Sec | ||
| Karen Luca, General Exploration | ||
| Lisa Smith, General Secretary | ||
| Elza Walt, CFO Secretary |
Novo Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right 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.
| Return On Equity | -0.38 | ||||
| Return On Asset | -0.14 | ||||
| Current Valuation | 20.78 M | ||||
| Shares Outstanding | 354.63 M | ||||
| Shares Owned By Insiders | 1.00 % | ||||
| Shares Owned By Institutions | 0.07 % | ||||
| Number Of Shares Shorted | 186.28 K | ||||
| Price To Earning | 2.33 X | ||||
| Price To Book | 0.39 X | ||||
| Price To Sales | 0.66 X |
Pair Trading with Novo Resources
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Novo Resources position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Novo Resources will appreciate offsetting losses from the drop in the long position's value.Moving together with Novo Stock
Moving against Novo Stock
| 0.69 | WCN | Waste Connections | PairCorr |
| 0.63 | CSU | Constellation Software | PairCorr |
| 0.58 | FFH | Fairfax Financial | PairCorr |
| 0.42 | FSV | FirstService Corp | PairCorr |
The ability to find closely correlated positions to Novo Resources could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Novo Resources when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Novo Resources - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Novo Resources Corp to buy it.
The correlation of Novo Resources is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Novo Resources moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Novo Resources Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Novo Resources can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.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.