Nova Royalty (TSXV:NOVR) - Stock Price, News & Analysis

NOVR Stock Overview

Nova Royalty Corp., a royalty company, focuses on the acquisition and management of royalties on the copper and nickel deposits.

About the company

NOVR fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	0/6
Financial Health	2/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 43.5% per year over past 5 years

Has less than 1 year of cash runway

Does not have meaningful revenue (CA$2M)

Shareholders have been diluted in the past year

Nova Royalty Corp. Competitors

Minera Alamos

TSXV:MAI

CA$147.0m

Orogen Royalties

TSXV:OGN

CA$194.7m

Sherritt International

TSX:S

CA$131.1m

EMX Royalty

TSXV:EMX

CA$284.0m

Price History & Performance

Summary of all time highs, changes and price drops for Nova Royalty
Historical stock prices
Current Share Price	CA$1.52
52 Week High	CA$1.91
52 Week Low	CA$1.28
Beta	1.7
1 Month Change	4.83%
3 Month Change	1.33%
1 Year Change	-11.11%
3 Year Change	-12.14%
5 Year Change	n/a
Change since IPO	21.60%

Recent updates

Shareholder Returns

	NOVR	CA Metals and Mining	CA Market
7D	-2.3%	-2.8%	-0.1%
1Y	-11.1%	-7.0%	6.2%

Return vs Industry: NOVR underperformed the Canadian Metals and Mining industry which returned -9.7% over the past year.

Return vs Market: NOVR underperformed the Canadian Market which returned -0.8% over the past year.

Price Volatility

Is NOVR's price volatile compared to industry and market?
NOVR volatility
NOVR Average Weekly Movement	6.3%
Metals and Mining Industry Average Movement	11.1%
Market Average Movement	8.8%
10% most volatile stocks in CA Market	18.1%
10% least volatile stocks in CA Market	3.0%

Stable Share Price: NOVR has not had significant price volatility in the past 3 months.

Volatility Over Time: NOVR's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2018	4	Hashim Ahmed	www.novaroyalty.com

Nova Royalty Corp., a royalty company, focuses on the acquisition and management of royalties on the copper and nickel deposits. The company was incorporated in 2018 and is headquartered in Vancouver, Canada. As of December 1, 2023, Nova Royalty Corp. operates as a subsidiary of Metalla Royalty & Streaming Ltd.

Nova Royalty Corp. Fundamentals Summary

How do Nova Royalty's earnings and revenue compare to its market cap?
NOVR fundamental statistics
Market cap	CA$148.76m
Earnings (TTM)	-CA$10.25m
Revenue (TTM)	CA$2.18m

65.8x

P/S Ratio

-14.0x

P/E Ratio

Is NOVR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NOVR income statement (TTM)
Revenue	CA$2.18m
Cost of Revenue	-CA$82.58k
Gross Profit	CA$2.26m
Other Expenses	CA$12.51m
Earnings	-CA$10.25m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.11
Gross Margin	103.80%
Net Profit Margin	-471.25%
Debt/Equity Ratio	17.5%

How did NOVR perform over the long term?

See historical performance and comparison

NOVR Stock Overview

Rewards

Risk Analysis

Nova Royalty Corp. Competitors

TSXV:MAI

CA$147.0m

TSXV:OGN

CA$194.7m

TSX:S

CA$131.1m

TSXV:EMX

CA$284.0m

Price History & Performance

Recent News & Updates

Nova Royalty Corp. Common Shares to Be Deleted from OTC Equity

Third quarter 2023 earnings released: CA$0.039 loss per share (vs CA$0.027 loss in 3Q 2022)

New major risk - Financial position

New minor risk - Market cap size

Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million.

Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million.

Recent updates

Nova Royalty Corp. Common Shares to Be Deleted from OTC Equity

Third quarter 2023 earnings released: CA$0.039 loss per share (vs CA$0.027 loss in 3Q 2022)

New major risk - Financial position

New minor risk - Market cap size

Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million.

Metalla Royalty & Streaming Ltd. (TSXV:MTA) entered into an agreement to acquire Nova Royalty Corp. (TSXV:NOVR) from Beedie Capital and others for approximately CAD 180 million.

New minor risk - Financial position

Second quarter 2023 earnings released: CA$0.031 loss per share (vs CA$0.023 loss in 2Q 2022)

Nova Royalty Corp. Announces Board Resignations

Nova Royalty Announces CFO Changes

Nova Royalty Corp. to Report Q1, 2023 Results on May 17, 2023

Full year 2022 earnings released: CA$0.093 loss per share (vs CA$0.12 loss in FY 2021)

Independent Non-Executive Director exercised options to buy CA$49k worth of stock.

Independent Non-Executive Director recently sold CA$75k worth of stock

Nova Royalty Corp. Appoints Douglas Silver as Independent Director

Independent Non-Executive Director recently sold CA$52k worth of stock

Independent Non-Executive Director recently sold CA$75k worth of stock

Third quarter 2022 earnings released: CA$0.027 loss per share (vs CA$0.021 loss in 3Q 2021)

High number of new and inexperienced directors

Nova Royalty Corp. to Report Q3, 2022 Results on Nov 16, 2022

Insider recently bought CA$304k worth of stock

Second quarter 2022 earnings released: CA$0.023 loss per share (vs CA$0.018 loss in 2Q 2021)

Nova Royalty Corp. to Report Q2, 2022 Results on Aug 10, 2022

Nova Royalty Corp. Appoints Guy Elliott as an Independent Director and Chair of the Audit Committee

Independent Non-Executive Director recently sold CA$114k worth of stock

High number of new and inexperienced directors

Nova Royalty Corp., Annual General Meeting, Jun 21, 2022

Independent Non-Executive Director recently sold CA$98k worth of stock

High number of new and inexperienced directors

High number of new and inexperienced directors

High number of new and inexperienced directors

Nova Royalty Corp. announced that it has received CAD 2.072399 million in funding

Insider recently bought CA$1m worth of stock

Nova Royalty Corp. has completed a Follow-on Equity Offering in the amount of CAD 12.71358 million.

Insider recently bought CA$97k worth of stock

Insider recently bought CA$125k worth of stock

Nova Royalty Provides Update on its Investment in the Vizcachitas Project and Appoints Douglas Silver as Strategic Advisor

Nova Royalty Provides Update on its Investment in the Vizcachitas Project and Appoints Douglas Silver as Strategic Advisor

Independent Non-Executive Director exercised options to buy CA$1.3m worth of stock.

Nova Royalty Corp. (TSXV:NOVR) completed the acquisition of 0.98% Royalty on Open Pit Operations and 0.49% on Underground Operations on Vizcachitas Project from Resource Capital Fund VI L.P., a fund managed by RCF Management, LLC, for CLP 4.6 billion.

New 90-day high: CA$5.34

Nova Royalty Corp. Announces Board Changes

Nova Royalty Adds E.B. Tucker to the Board of Directors

Nova Royalty Corp. Announces Chief Financial Officer Changes

Shareholder Returns

Price Volatility

About the Company

Nova Royalty Corp. Fundamentals Summary

65.8x

-14.0x

Earnings & Revenue