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Novo Resources

TSXV:NVO
Snowflake Description

Flawless balance sheet with weak fundamentals.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
NVO
TSXV
$331M
Market Cap
  1. Home
  2. CA
  3. Materials
Company description

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States. The last earnings update was 20 days ago. More info.


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NVO Share Price and Events
7 Day Returns
6.7%
TSXV:NVO
1%
CA Metals and Mining
-0.5%
CA Market
1 Year Returns
-37.3%
TSXV:NVO
0.5%
CA Metals and Mining
-2.9%
CA Market
NVO Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Novo Resources (NVO) 6.7% 4.3% 5.3% -37.3% 166.7% -
CA Metals and Mining 1% 7.5% 7.7% 0.5% -18.6% -18.8%
CA Market -0.5% 0.8% -2.1% -2.9% 8% 0.6%
1 Year Return vs Industry and Market
  • NVO underperformed the Metals and Mining industry which returned 0.5% over the past year.
  • NVO underperformed the Market in Canada which returned -2.9% over the past year.
Price Volatility
NVO
Industry
5yr Volatility vs Market

Value

 Is Novo Resources undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Novo Resources. This is due to cash flow or dividend data being unavailable. The share price is CA$2.4.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Novo Resources's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Novo Resources's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSXV:NVO PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-04-30) in CAD CA$-0.10
OTCPK:NSRP.F Share Price ** OTCPK (2019-07-17) in USD $1.85
OTCPK:NSRP.F Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.305 CA$2.41
Canada Metals and Mining Industry PE Ratio Median Figure of 107 Publicly-Listed Metals and Mining Companies 15.36x
Canada Market PE Ratio Median Figure of 538 Publicly-Listed Companies 15.05x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Novo Resources.

TSXV:NVO PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OTCPK:NSRP.F Share Price ÷ EPS (both in CAD)

= 2.41 ÷ -0.10

-23.92x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novo Resources is loss making, we can't compare its value to the CA Metals and Mining industry average.
  • Novo Resources is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Novo Resources's expected growth come at a high price?
Raw Data
TSXV:NVO PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -23.92x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Canada Metals and Mining Industry PEG Ratio Median Figure of 36 Publicly-Listed Metals and Mining Companies 0.85x
Canada Market PEG Ratio Median Figure of 248 Publicly-Listed Companies 1.16x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Novo Resources, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Novo Resources's assets?
Raw Data
TSXV:NVO PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-04-30) in CAD CA$0.89
OTCPK:NSRP.F Share Price * OTCPK (2019-07-17) in USD $1.85
OTCPK:NSRP.F Share Price converted to CAD reporting currency Exchange rate (USD/ CAD) 1.305 CA$2.41
Canada Metals and Mining Industry PB Ratio Median Figure of 1,102 Publicly-Listed Metals and Mining Companies 1.38x
Canada Market PB Ratio Median Figure of 2,440 Publicly-Listed Companies 1.42x
TSXV:NVO PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OTCPK:NSRP.F Share Price ÷ Book Value per Share (both in CAD)

= 2.41 ÷ 0.89

2.71x

* Primary Listing of Novo Resources.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Novo Resources is overvalued based on assets compared to the CA Metals and Mining industry average.
X
Value checks
We assess Novo Resources's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Metals and Mining industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Metals and Mining industry average (and greater than 0)? (1 check)
  5. Novo Resources has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Novo Resources expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Novo Resources has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
29.5%
Expected Metals and Mining industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Novo Resources expected to grow at an attractive rate?
  • Unable to compare Novo Resources's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Novo Resources's earnings growth to the Canada market average as no estimate data is available.
  • Unable to compare Novo Resources's revenue growth to the Canada market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TSXV:NVO Future Growth Rates Data Sources
Data Point Source Value (per year)
Canada Metals and Mining Industry Earnings Growth Rate Market Cap Weighted Average 29.5%
Canada Metals and Mining Industry Revenue Growth Rate Market Cap Weighted Average 5%
Canada Market Earnings Growth Rate Market Cap Weighted Average 14%
Canada Market Revenue Growth Rate Market Cap Weighted Average 5.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSXV:NVO Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSXV:NVO Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-04-30 -6 -16
2019-01-31 -7 -15
2018-10-31 -4 -15
2018-07-31 -5 -21
2018-04-30 -4 -18
2018-01-31 -2 -18
2017-10-31 -6 -15
2017-07-31 -1 -8
2017-04-30 0 -4
2017-01-31 -1 -4
2016-10-31 3 -5
2016-07-31 1 -2

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Novo Resources is high growth as no earnings estimate data is available.
  • Unable to determine if Novo Resources is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSXV:NVO Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Novo Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:NVO Past Financials Data
Date (Data in CAD Millions) EPS *
2019-04-30 -0.10
2019-01-31 -0.09
2018-10-31 -0.10
2018-07-31 -0.14
2018-04-30 -0.13
2018-01-31 -0.14
2017-10-31 -0.13
2017-07-31 -0.08
2017-04-30 -0.05
2017-01-31 -0.05
2016-10-31 -0.06
2016-07-31 -0.03

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Novo Resources will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Novo Resources's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Novo Resources's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Materials companies here
  3. Novo Resources's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Novo Resources's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Canada market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Canada market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Novo Resources has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Novo Resources performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Novo Resources's growth in the last year to its industry (Metals and Mining).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Novo Resources does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Novo Resources's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Novo Resources's 1-year growth to the CA Metals and Mining industry average as it is not currently profitable.
Earnings and Revenue History
Novo Resources's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Novo Resources Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSXV:NVO Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-04-30 -16.40 14.12
2019-01-31 -14.80 17.08
2018-10-31 -15.01 16.28
2018-07-31 -20.86 21.84
2018-04-30 -18.45 22.24
2018-01-31 -17.79 17.07
2017-10-31 -14.95 15.98
2017-07-31 -7.92 8.55
2017-04-30 -4.02 4.35
2017-01-31 -4.14 4.16
2016-10-31 -4.82 3.60
2016-07-31 -2.34 1.48
2016-04-30 -1.26 1.36
2016-01-31 -0.42 1.40
2015-10-31 0.54 1.27
2015-07-31 0.70 1.23
2015-04-30 0.15 1.17
2015-01-31 -0.31 1.08
2014-10-31 -1.05 1.05
2014-07-31 -1.14 1.05
2014-04-30 -1.44 1.07
2014-01-31 -2.20 0.97
2013-10-31 -3.05 1.19
2013-07-31 -3.06 1.29
2013-04-30 -2.94 1.31
2013-01-31 -2.36 1.55
2012-10-31 -1.44 1.26
2012-07-31 -1.20 0.93

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Novo Resources has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Novo Resources has efficiently used its assets last year compared to the CA Metals and Mining industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Novo Resources improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Novo Resources's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Metals and Mining industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Novo Resources has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Novo Resources's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Novo Resources's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Novo Resources is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Novo Resources's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Novo Resources's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Novo Resources has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Novo Resources Company Filings, last reported 2 months ago.

TSXV:NVO Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-04-30 147.97 0.00 39.82
2019-01-31 146.25 0.00 42.93
2018-10-31 145.75 0.00 50.85
2018-07-31 147.03 0.00 63.73
2018-04-30 148.90 0.00 66.73
2018-01-31 143.68 0.00 69.52
2017-10-31 135.01 0.00 71.90
2017-07-31 54.09 0.00 13.67
2017-04-30 40.46 0.00 1.86
2017-01-31 37.96 0.00 1.94
2016-10-31 38.76 0.00 4.78
2016-07-31 30.12 1.95 4.82
2016-04-30 27.69 1.86 2.01
2016-01-31 27.15 0.00 1.38
2015-10-31 26.00 0.00 2.63
2015-07-31 26.65 5.00 10.04
2015-04-30 25.46 5.00 9.93
2015-01-31 22.54 0.00 10.16
2014-10-31 22.05 0.00 11.96
2014-07-31 18.77 0.00 9.98
2014-04-30 17.96 0.00 10.35
2014-01-31 17.50 0.00 10.61
2013-10-31 14.73 0.00 8.25
2013-07-31 9.54 0.00 3.98
2013-04-30 10.75 0.00 4.48
2013-01-31 11.84 0.00 5.29
2012-10-31 8.06 0.00 0.54
2012-07-31 7.68 0.00 2.86
  • Novo Resources has no debt.
  • Novo Resources had no debt 5 years ago.
CASH RUNWAY ANALYSIS

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

  • Novo Resources has sufficient cash runway for 1.2 years based on current free cash flow.
  • Novo Resources has sufficient cash runway for 1.2 years if free cash flow continues to grow at historical rates of 56.4% each year.
X
Financial health checks
We assess Novo Resources's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Novo Resources has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Novo Resources's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Novo Resources dividends.
If you bought CA$2,000 of Novo Resources shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Novo Resources's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Novo Resources's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSXV:NVO Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
Canada Metals and Mining Industry Average Dividend Yield Market Cap Weighted Average of 28 Stocks 1.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 336 Stocks 3.5%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.1%
Canada Bottom 25% Dividend Yield 25th Percentile 2.1%
Canada Top 25% Dividend Yield 75th Percentile 5.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Novo Resources has not reported any payouts.
  • Unable to verify if Novo Resources's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Novo Resources's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Novo Resources has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Novo Resources's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Novo Resources afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Novo Resources has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Novo Resources's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Rob Humphryson
COMPENSATION CA$1,667,586
TENURE AS CEO 2.1 years
CEO Bio

Mr. Robert Humphryson, also known as Rob, has been Chief Executive Officer at Novo Resources Corp. since June 2017. Mr. Humphryson served as Business Development Manager at Swick Mining Services Limited since May 2015 until June 2, 2017. Mr. Humphryson is a Mining Engineer with over 25 years experience in the mining industry, having exposure to open pit and underground mining from both an owner operator and contractor's perspective. Mr. Humphryson was employed at Macmahon Underground for 17 years, culminating in executive leadership roles within Macmahon Underground, followed by 2 years as Chief Operating Officer of Silver Lake Resources. Mr. Humphryson served as the Chief Operating Officer of Silver Lake Resources Limited since March 19, 2012 until April 3, 2014. He commenced at Swick in May 2015 in the dual roles of Business Development Manager and Customer Relationship Manager. Mr. Humphryson is a Member of the AusIMM. He is a Mining Engineer, graduated from the Western Australian School of Mines in 1990.

CEO Compensation
  • Insufficient data for Rob to compare compensation growth.
  • Rob's remuneration is about average for companies of similar size in Canada.
Management Team Tenure

Average tenure of the Novo Resources management team in years:

4.7
Average Tenure
  • The tenure for the Novo Resources management team is about average.
Management Team

Quinton Hennigh

TITLE
Chairman of the Board & President
COMPENSATION
CA$448K
AGE
52
TENURE
8.3 yrs

Rob Humphryson

TITLE
Chief Executive Officer & Director
COMPENSATION
CA$2M
TENURE
2.1 yrs

Ronan Sabo-Walsh

TITLE
CFO & Corporate Secretary
COMPENSATION
CA$153K
TENURE
2.1 yrs

Leo Karabelas

TITLE
Vice President of Corporate Communications
COMPENSATION
CA$180K
AGE
40
TENURE
7.3 yrs
Board of Directors Tenure

Average tenure and age of the Novo Resources board of directors in years:

1.9
Average Tenure
57
Average Age
  • The average tenure for the Novo Resources board of directors is less than 3 years, this suggests a new board.
Board of Directors

Quinton Hennigh

TITLE
Chairman of the Board & President
COMPENSATION
CA$448K
AGE
52
TENURE
2.1 yrs

Rob Humphryson

TITLE
Chief Executive Officer & Director
COMPENSATION
CA$2M
TENURE
1.8 yrs

Akiko Levinson

TITLE
Director
COMPENSATION
CA$18K
AGE
64
TENURE
8.1 yrs

Greg Gibson

TITLE
Director
COMPENSATION
CA$18K
AGE
57
TENURE
2 yrs

Mike Barrett

TITLE
Director
COMPENSATION
CA$17K
AGE
50
TENURE
1.8 yrs

Eric Sprott

TITLE
Director
AGE
74
TENURE
1.7 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
07. Jan 19 Sell Michael Barrett Individual 08. Dec 18 08. Dec 18 -100 CA$2.01 CA$-201
10. Oct 18 Sell Ronan Sabo-Walsh Individual 05. Oct 18 05. Oct 18 -100 CA$2.72 CA$-272
X
Management checks
We assess Novo Resources's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Novo Resources has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, and exploring natural resource properties in Canada, Australia, and the United States. It primarily focuses on the Karratha gold project covering approximately 8,000 square kilometers of tenements in the Karratha region of Western Australia. The company was formerly known as Galliard Resources Corp. and changed its name to Novo Resources Corp. in June 2011. Novo Resources Corp. was incorporated in 2009 and is headquartered in Vancouver, Canada.

Details
Name: Novo Resources Corp.
NVO
Exchange: TSXV
Founded: 2009
$431,869,121
178,860,048
Website: http://www.novoresources.com
Address: Novo Resources Corp.
595 Burrard Street,
Suite 2900,
Vancouver,
British Columbia, V7X 1J5,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OTCPK NSRP.F Common Shares Pink Sheets LLC US USD 24. Feb 2012
DB 1NO Common Shares Deutsche Boerse AG DE EUR 24. Feb 2012
TSXV NVO Common Shares TSX Venture Exchange CA CAD 24. Feb 2012
Number of employees
Current staff
Staff numbers
0
Novo Resources employees.
Industry
Gold
Materials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/18 01:00
End of day share price update: 2019/07/17 00:00
Last earnings filing: 2019/06/28
Last earnings reported: 2019/04/30
Last annual earnings reported: 2019/01/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.