Michael MBA - Novo Resources Ex CEO

NVOOFDelisted Stock  USD 0.01  0.00  0.00%   

Insider

Michael MBA is Ex CEO of Novo Resources Corp
Phone604-562-4854
Webhttps://www.novoresources.com

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 0.25, which may suggest the company is not taking enough advantage from borrowing. Novo Resources Corp has a current ratio of 3.17, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. 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.

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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 the United States and is traded on OTC Exchange. It employs 111 people. Novo Resources Corp [NVOOF] is a Pink Sheet which is traded between brokers as part of OTC trading.

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.
Alwin Roij, Exploration Geologist
Leonidas Karabelas, VP Communications
Michael MBA, Ex CEO
Ronan SaboWalsh, CFO Sec
Karen Luca, Gen Exploration

Novo Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet 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

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Other Consideration for investing in Novo Pink Sheet

If you are still planning to invest in Novo Resources Corp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Novo Resources' history and understand the potential risks before investing.
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