Novo Resources Corp Stock Analysis

Novo OTC Stock Analysis Notes

The company has price-to-book ratio of 0.39. Typically companies with comparable Price to Book (P/B) are able to outperform the market in the long run. Novo Resources Corp recorded a loss per share of 0.05. The entity had not issued any dividends in recent years. 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.The quote for Novo Resources Corp is listed on Over The Counter exchange (i.e., OTC), and the entity is not required to meet listing requirements such as those found on the Nasdaq, NYSE, or AMEX exchanges. To find out more about Novo Resources Corp contact Michael MBA at 604-562-4854 or learn more at https://www.novoresources.com.

Novo Resources Corp Investment Alerts

Novo Resources Thematic Classifications

Novo Market Capitalization

The company currently falls under 'Micro-Cap' category with a current market capitalization of 62.29 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Novo Resources's market, we take the total number of its shares issued and multiply it by Novo Resources's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Novo Profitablity

The company has Profit Margin (PM) of (1.28) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.61) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.61.

Technical Drivers

As of the 24th of November, Novo Resources secures the Risk Adjusted Performance of 0.0043, standard deviation of 4.8, and Mean Deviation of 3.65. In connection with fundamental indicators, the technical analysis model lets you check existing technical drivers of Novo Resources Corp, as well as the relationship between them. Strictly speaking, you can use this information to find out if the firm will indeed mirror its model of past prices, or the prices will eventually revert. We were able to interpolate data for thirteen technical drivers for Novo Resources, which can be compared to its peers in the industry. Please verify Novo Resources Corp market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Novo Resources Corp is priced some-what accurately, providing market reflects its recent price of 0.057 per share. As Novo Resources Corp appears to be a penny stock we also strongly suggest to check its jensen alpha numbers.

Novo Resources Corp Price Movement Analysis

Novo Resources Outstanding Bonds

Novo Resources Predictive Daily Indicators

Novo Resources Forecast Models

Novo Resources' time-series forecasting models are one of many Novo Resources' otc stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Novo Resources' historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

OTC Stock analysis is the technique used by a trader or investor to examine and evaluate how Novo Resources prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Novo shares will generate the highest return on investment. We also built our otc analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual OTC such as Novo Resources. By using and applying Novo OTC Stock analysis, traders can create a robust methodology for identifying Novo entry and exit points for their positions.

When running Novo Resources' price analysis, check to measure Novo Resources' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Novo Resources is operating at the current time. Most of Novo Resources' value examination focuses on studying past and present price action to predict the probability of Novo Resources' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Novo Resources' price. Additionally, you may evaluate how the addition of Novo Resources to your portfolios can decrease your overall portfolio volatility.