Novo Resources Corp Stock Today
| NVO Stock | CAD 0.07 0.01 7.14% |
Performance0 of 100
| Odds Of DistressLess than 33
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Novo Resources is selling at 0.075 as of the 3rd of December 2024; that is 7.14% increase since the beginning of the trading day. The stock's open price was 0.07. Novo Resources has about a 33 percent probability of financial distress in the next few years of operation and has generated negative returns over the last 90 days. Equity ratings for Novo Resources Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 14th of December 2022 and ending today, the 3rd of December 2024. Click here to learn more.
Business Domain Materials | Category Basic Materials |
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. The company has 354.63 M outstanding shares of which 170.56 K shares are now shorted by private and institutional investors with about 1.81 days to cover all short positions. More on Novo Resources Corp
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Novo Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Novo Resources' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Novo Resources or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Executive CEO | Michael MBA | ||||
| Business Concentration | Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors) | ||||
Novo Resources' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Novo Resources' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Debt LevelsNovo Resources can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Novo Resources' financial leverage. It provides some insight into what part of Novo Resources' total assets is financed by creditors.
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Novo Resources Corp (NVO) is traded on Toronto Exchange in Canada and employs 7 people. Novo Resources is listed under Metals & Mining category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a current market capitalization of 26.6 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 Resources Corp operates under Metals & Mining sector and is part of Materials industry. The entity has 354.63 M outstanding shares of which 170.56 K shares are now shorted by private and institutional investors with about 1.81 days to cover all short positions.
Novo Resources Corp has accumulated about 74.88 M in cash with (47.43 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.3, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
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Ownership AllocationNovo Resources Corp maintains a total of 354.63 Million outstanding shares. Roughly 98.93 % of Novo Resources outstanding shares are held by general public with 1.0 pct. owned by insiders and only 0.072 % by institutional investors. Please note that no matter how many assets the company has, if the real value of the firm is less than the current market value, you may not be able to make money on it.
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Novo Resources Corp Risk Profiles
Although Novo Resources' alpha and beta are two of the key measurements used to evaluate Novo Resources' performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 2.83 | |||
| Standard Deviation | 4.56 | |||
| Variance | 20.84 | |||
| Risk Adjusted Performance | (0.01) |
Novo Stock Against Markets
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Novo Resources Corporate Management
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 | Profile | |
| Leonidas Karabelas | VP Communications | Profile | |
| Ronan SaboWalsh | CFO Sec | Profile | |
| Karen Luca | General Exploration | Profile | |
| Lisa Smith | General Secretary | Profile |
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.