Novo Resources (DB:1NOR) - Stock Price, News & Analysis

1NOR Stock Overview

Engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. More details

1NOR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Earnings have declined by 14.5% per year over past 5 years

Has less than 1 year of cash runway

Makes less than USD$1m in revenue (CA$0)

Highly volatile share price over the past 3 months compared to the German market

+ 2 more risks

Novo Resources Corp. Competitors

Pearl Gold

DB:02P

€11.3m

Horizon Minerals

ASX:HRZ

AU$50.3m

1911 Gold

TSXV:AUMB

CA$24.2m

Australian Gold and Copper

ASX:AGC

AU$52.6m

Price History & Performance

Summary of all time highs, changes and price drops for Novo Resources
Historical stock prices
Current Share Price	US$0.052
52 Week High	US$0.12
52 Week Low	US$0.042
Beta	1.46
11 Month Change	-0.39%
3 Month Change	-0.77%
1 Year Change	-40.00%
33 Year Change	-95.02%
5 Year Change	-97.67%
Change since IPO	-95.87%

Recent updates

Shareholder Returns

	1NOR	DE Metals and Mining	DE Market
7D	3.6%	1.3%	0.8%
1Y	-40.0%	-26.8%	9.1%

Return vs Industry: 1NOR underperformed the German Metals and Mining industry which returned -26.6% over the past year.

Return vs Market: 1NOR underperformed the German Market which returned 8.5% over the past year.

Price Volatility

Is 1NOR's price volatile compared to industry and market?
1NOR volatility
1NOR Average Weekly Movement	13.3%
Metals and Mining Industry Average Movement	11.6%
Market Average Movement	4.8%
10% most volatile stocks in DE Market	10.8%
10% least volatile stocks in DE Market	2.4%

Stable Share Price: 1NOR's share price has been volatile over the past 3 months compared to the German market.

Volatility Over Time: 1NOR's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of German stocks.

About the Company

Founded	Employees	CEO	Website
2009	77	Mike Spreadborough	www.novoresources.com

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada, Australia, and the United States. The company primarily explores for gold deposits. It holds approximately 7,500 sq km of land in the Pilbara region of Western Australia, as well as interests in various projects located in Victoria, Australia.

Novo Resources Corp. Fundamentals Summary

How do Novo Resources's earnings and revenue compare to its market cap?
1NOR fundamental statistics
Market cap	€19.26m
Earnings (TTM)	-€30.44m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.6x

P/E Ratio

Is 1NOR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
1NOR income statement (TTM)
Revenue	CA$0
Cost of Revenue	CA$0
Gross Profit	CA$0
Other Expenses	CA$44.66m
Earnings	-CA$44.66m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	-0.13
Gross Margin	0.00%
Net Profit Margin	0.00%
Debt/Equity Ratio	0%

How did 1NOR perform over the long term?

See historical performance and comparison

1NOR Stock Overview

Risk Analysis

Novo Resources Corp. Competitors

DB:02P

€11.3m

ASX:HRZ

AU$50.3m

TSXV:AUMB

CA$24.2m

ASX:AGC

AU$52.6m

Price History & Performance

Recent News & Updates

Austroid Australia Pty Ltd acquired Gold and Silver rights in the Quartz Hill Joint Venture from Novo Resources Corp. (OTCPK:NSRP.F) for AUD 0.85 million.

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

Novo Resources Corp. Announces Evaluation of Pilbara Antimony-Gold Potential Generates Positive Results

Novo Resources Corp. Provides Exploration Update on Programs At the Egina Gold Camp and Balla Balla Gold Project

Novo Resources Corp. Announces Significant Results from Historical Drill Hole Infill Assay Program At Belltopper

Novo Resources Corp. to Expand into the East Pilbara

Recent updates

Austroid Australia Pty Ltd acquired Gold and Silver rights in the Quartz Hill Joint Venture from Novo Resources Corp. (OTCPK:NSRP.F) for AUD 0.85 million.

De Grey Mining Ltd Provides Progress Update on Exploration Activities At the Egina Gold Project

Novo Resources Corp. Announces Evaluation of Pilbara Antimony-Gold Potential Generates Positive Results

Novo Resources Corp. Provides Exploration Update on Programs At the Egina Gold Camp and Balla Balla Gold Project

Novo Resources Corp. Announces Significant Results from Historical Drill Hole Infill Assay Program At Belltopper

Novo Resources Corp. to Expand into the East Pilbara

Novo Resources Corp. Provides an Update on Follow-Up Drill Programs At the Becher Project Which Is Part of the Egina Earn-In and Joint Venture with De Grey Mining Limited

Novo Resources Corp. Announces Board Resignations

Novo Resources Corp. Announces Significant Results from Diamond Drilling at Belltopper, Victoria

Novo Resources Corp Provides Lithium Exploration Update 2024 Quartz Hill Joint Venture

Novo Resources Corp. Announces Follow-Up Drilling to Commence at Nunyerry North and New Targets Defined Near Karratha

Novo Resources Corp., Annual General Meeting, Jun 25, 2024

Novo Corp. Announces Upgraded Nunyerry North Drill Results Deliver High-Grade Intercepts Up to 6.12 g/t Au

Novo Resources Corp. Announces Board Changes

New major risk - Financial position

Novo Resources Corp. Provides an Update on Drilling Results At the Becher Project

Novo Resources Corp. announced that it has received AUD 1.8 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. Provides Exploration Status Update

Novo Resources Corp. announced that it expects to receive AUD 1.8 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. Announces Diamond Drilling to Commence on High-Priority Targets At Belltopper, Victoria

Third quarter 2023 earnings released: CA$0.035 loss per share (vs CA$0.24 loss in 3Q 2022)

Novo Resources Corp. Provides Exploration Update

Novo Resources Corp. Announces Promising Results from the First Six Holes of the company's Maiden RC Drill Program At Nunyerry North, Located in the Southern Egina Gold Camp in the Pilbara, Western Australia

Novo Resources Corp. Announces Executive Changes

Novo Resources Corp. Commences Its Maiden Drill Program At Nunyerry North Located in the Egina Gold Camp in the Pilbara, Western Australia

Novo Resources Corp. Announces Management Changes

Novo Resources Corp., Annual General Meeting, Oct 26, 2023

New major risk - Financial position

First half 2023 earnings released: CA$0.10 loss per share (vs CA$0.13 loss in 1H 2022)

Novo Resources Corp. Provides Exploration Update Across Key Pilbara Prospects and Belltopper Gold Project in Victoria

Novo Resources Corp. announced that it has received CAD 8.982036 million in funding from De Grey Mining Limited

Novo Resources Corp. announced that it expects to receive CAD 8.982036 million in funding from De Grey Mining Limited

Novo Mining Limited Announces Becher Drilling Continues to Intercept Significant Gold Mineralization

Novo Resources Corp. Reports Continued Outstanding Results from the 2023 AC Drilling Program At Becher

First quarter 2023 earnings released: CA$0.062 loss per share (vs CA$0.053 loss in 1Q 2022)

Full year 2022 earnings released: CA$0.42 loss per share (vs CA$0.003 loss in FY 2021)

Novo Resources Corp. Provides an Update on 2022 Drilling Program at its Egina Gold Camp

Novo Resources Corp. Provides an Update on 2022 Drilling Program at its Egina Gold Camp

Novo Resources Corp. Provides an Exploration Update on the MCB

Novo Resources Corp. Announces Beatons Creek Fresh Approvals Update

Novo Resources Corp. announced that it has received CAD 5 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. announced that it expects to receive CAD 5 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. announced that it expects to receive CAD 5 million in funding from Liatam Mining PTY Ltd

Novo Resources Corp. Provides an Exploration Update on the Drilling Program in the Karrath District

Novo Resources Corp. Announces Becher Area Mineralisation Expands with More Standout Results

Novo Resources Corp. Announces Significant Results from Malmsbury Victorian Projects Exploration Update

Third quarter 2022 earnings released: CA$0.24 loss per share (vs CA$0.31 profit in 3Q 2021)

Novo Resources Corp. Reports Impairment of Non-Current Assets for the Third Quarter Ended September 30, 2022

Novo Resources Corp. Updates Mineral Resource Estimate for the Beatons Creek Gold Project Located in the Nullagine Region of Western Australia

Novo Resources Corp. Provides Exploration Update on the Drilling Program in the Becher Area of the Egina District, Western Australia

Novo Resources Corp. Provides an Exploration Update on Projects Based in Western Australia and Victoria

Novo Resources Corp. Provides Production Guidance for the Third Quarter of 2022

Second quarter 2022 earnings released: CA$0.076 loss per share (vs CA$0.07 loss in 2Q 2021)

Novo Resources Corp. Provides Drilling Commences on Purdy’S North Gold and Nickel-Copper Targets

Novo Resources Corp. Provides an Update on Its Mechanical Sorting Program

Novo Resources Corp. Reports Additional Assay Results Received from the Current Diamond Drilling Program on Rl006587 At the Malmsbury Project, Approximately 50 Km Ssw of the High-Grade Fosterville Mine in Victoria, Australia

Novo Resources Corp. Production Guidance for the Third and Fourth Quarter of 2022

Novo Resources Corp. Provides Nullagine Gold Project Update

Novo Resources Corp. Provides Nullagine Gold Project Update

Executive Co-Chairman & Acting CEO recently bought €55k worth of stock