Novo Resources (OTCPK:NSRP.F) - Stock Price, News & Analysis

NSRP.F Stock Overview

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada and Australia, and the United States.

About the company

NSRP.F fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Risk Analysis

Earnings have declined by 44.4% per year over past 5 years

Has less than 1 year of cash runway

Does not have meaningful revenue (CA$2M)

Does not have a meaningful market cap ($39M)

+ 1 more risk

Novo Resources Corp. Competitors

DynaResource

OTCPK:DYNR

US$45.5m

Gold Resource

NYSEAM:GORO

US$28.4m

Hycroft Mining Holding

NasdaqCM:HYMC

US$43.3m

Fortitude Gold

OTCPK:FTCO

US$146.2m

Price History & Performance

Summary of all time highs, changes and price drops for Novo Resources
Historical stock prices
Current Share Price	US$0.11
52 Week High	US$0.32
52 Week Low	US$0.10
Beta	1.41
1 Month Change	-8.26%
3 Month Change	-24.90%
1 Year Change	-47.21%
3 Year Change	-93.69%
5 Year Change	-93.33%
Change since IPO	-71.65%

Recent updates

Shareholder Returns

	NSRP.F	US Metals and Mining	US Market
7D	-4.9%	5.7%	1.1%
1Y	-47.2%	4.0%	11.9%

Return vs Industry: NSRP.F underperformed the US Metals and Mining industry which returned 2.8% over the past year.

Return vs Market: NSRP.F underperformed the US Market which returned 11% over the past year.

Price Volatility

Is NSRP.F's price volatile compared to industry and market?
NSRP.F volatility
NSRP.F Average Weekly Movement	9.7%
Metals and Mining Industry Average Movement	7.5%
Market Average Movement	6.1%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	2.9%

Stable Share Price: NSRP.F is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 10% a week.

Volatility Over Time: NSRP.F's weekly volatility (10%) has been stable over the past year.

About the Company

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

Novo Resources Corp., together with its subsidiaries, engages in evaluating, acquiring, exploring, and developing natural resource properties in Canada and Australia, and the United States. The company primarily explores for gold deposits. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia.

Novo Resources Corp. Fundamentals Summary

How do Novo Resources's earnings and revenue compare to its market cap?
NSRP.F fundamental statistics
Market Cap	US$38.70m
Earnings (TTM)	-US$38.15m
Revenue (TTM)	US$1.85m

20.5x

P/S Ratio

-1.0x

P/E Ratio

Is NSRP.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
NSRP.F income statement (TTM)
Revenue	CA$2.50m
Cost of Revenue	CA$13.64m
Gross Profit	-CA$11.14m
Other Expenses	CA$40.34m
Earnings	-CA$51.49m

Last Reported Earnings

Sep 30, 2023

Next Earnings Date

n/a

Earnings per share (EPS)	-0.15
Gross Margin	-446.51%
Net Profit Margin	-2,062.82%
Debt/Equity Ratio	0%

How did NSRP.F perform over the long term?

See historical performance and comparison

NSRP.F Stock Overview

Rewards

Risk Analysis

Novo Resources Corp. Competitors

OTCPK:DYNR

US$45.5m

NYSEAM:GORO

US$28.4m

NasdaqCM:HYMC

US$43.3m

OTCPK:FTCO

US$146.2m

Price History & Performance

Recent News & Updates

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

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

Recent updates

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

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

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

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

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

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

Novo Resources Corp. Reiterates Production Guidance for the First Half of 2022

Novo Resources Corp. Reports Significant Assay Results Received from the Current Diamond Drilling Program on Rl006587 At the Malmsbury Project

Novo Resources Corp. Announces Executive Changes

Novo Resources Corp. Revises Production Guidance for the First Half of 2022

Novo Resources Corp., Annual General Meeting, Jun 28, 2022

Novo Resources Corp. Reiterates Production Guidance for the First Half of 2022

Novo Resources Corp. Reports High-Grade Gold in Rock Chip Assay Results for Exploration Work Conducted in Fourth Quarter of 2021 At the Historic Pilgrims Rest Mine, Station Peak Gold Prospect

Novo Resources Corp. to Report High-Order Soil Sampling Assay Results at the Nunyerry North Gold Prospect in the West Pilbara

Novo Resources Corp. Provides Exploration Update

Novo Resources Corp. Provides Drilling Update for the Parnell-Vulture Trend in Western Australia

Novo Resources Corp. Announces Phase 2 Mechanical Sorter Trials Have Commenced At the Nullagine Gold Project

Novo Resources Corp and GBM Resources Limited JV Commences Inaugural Malmsbury Gold Project Diamond Drilling Program

Novo Resources Corp. Announces Completion of the Beatons Creek Mining Review

Novo Resources Corp. Identifies Ni-Cu Targets At Southcourt, Andover Intrusion, Adjacent to Azure’s Andover VC-07 Ni-Cu-Co Discovery

Novo Resources Corp. Provides an Update on Recent Exploration Work Conducted at Its 100% Controlled Talga Gold Project

Novo Resources Corp. Provides Update on Near-Mine Exploration Programs Focussing on Exploration Opportunities At Its Highly Prospective 100% Controlled NGP

Novo Resources Corp. Provides Nullagine Gold Project Update

Novo Resources Corp. Announces Exploration Program Update

Novo Resources Corp. announced that it has received CAD 26.40015 million in funding

Novo Provides Update on Production Ramp-Up at Beatons Creek Gold Project

Novo Resources Corp. Announces Inaugural Commissioning Gold Pour At Beatons Creek Gold Project

Novo Resources Corp. Provides Update on Mechanical Sorting Plans

Novo Receives Final Regulatory Approvals and Provides an Operational Update from Beatons Creek

Novo Resources Corp. Provides Update from Malmsbury Project in Victoria, Australia

Novo Resources Corp. Announces Appointment of Michael Spreadborough to Board of Directors

Novo Resources Corp. Elects Ross Hamilton as New Director