NSRP.F Stock Overview
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 Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$0.35|
|52 Week High||US$1.48|
|52 Week Low||US$0.30|
|1 Month Change||-5.34%|
|3 Month Change||1.46%|
|1 Year Change||-74.98%|
|3 Year Change||-81.42%|
|5 Year Change||-94.87%|
|Change since IPO||-11.24%|
Recent News & Updates
|NSRP.F||US Metals and Mining||US Market|
Return vs Industry: NSRP.F underperformed the US Metals and Mining industry which returned -14.1% over the past year.
Return vs Market: NSRP.F underperformed the US Market which returned -21.5% over the past year.
|NSRP.F Average Weekly Movement||12.6%|
|Metals and Mining Industry Average Movement||8.8%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.7%|
|10% least volatile stocks in US Market||2.8%|
Stable Share Price: NSRP.F is more volatile than 75% of US stocks over the past 3 months, typically moving +/- 13% a week.
Volatility Over Time: NSRP.F's weekly volatility (13%) has been stable over the past year, but is still higher than 75% of US stocks.
About the Company
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. Its flagship property is the Beatons Creek property located in the Pilbara region of Western Australia.
Novo Resources Fundamentals Summary
|NSRP.F fundamental statistics|
Is NSRP.F overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NSRP.F income statement (TTM)|
|Cost of Revenue||CA$151.24m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.068|
|Net Profit Margin||-12.68%|
How did NSRP.F perform over the long term?See historical performance and comparison
Is NSRP.F undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 4/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NSRP.F?
Other financial metrics that can be useful for relative valuation.
|What is NSRP.F's n/a Ratio?|
Price to Sales Ratio vs Peers
How does NSRP.F's PS Ratio compare to its peers?
|NSRP.F PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
HYMC Hycroft Mining Holding
CMCL Caledonia Mining
NSRP.F Novo Resources
Price-To-Sales vs Peers: NSRP.F is good value based on its Price-To-Sales Ratio (0.9x) compared to the peer average (10.2x).
Price to Earnings Ratio vs Industry
How does NSRP.F's PE Ratio compare vs other companies in the US Metals and Mining Industry?
Price-To-Sales vs Industry: NSRP.F is good value based on its Price-To-Sales Ratio (0.9x) compared to the US Metals and Mining industry average (1x)
Price to Sales Ratio vs Fair Ratio
What is NSRP.F's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.9x|
|Fair PS Ratio||0.6x|
Price-To-Sales vs Fair Ratio: NSRP.F is expensive based on its Price-To-Sales Ratio (0.9x) compared to the estimated Fair Price-To-Sales Ratio (0.6x).
Share Price vs Fair Value
What is the Fair Price of NSRP.F when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NSRP.F ($0.35) is trading below our estimate of fair value ($2.17)
Significantly Below Fair Value: NSRP.F is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Novo Resources forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if NSRP.F's forecast earnings growth is above the savings rate (1.9%).
Earnings vs Market: Insufficient data to determine if NSRP.F's earnings are forecast to grow faster than the US market
High Growth Earnings: Insufficient data to determine if NSRP.F's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: NSRP.F's revenue (26.8% per year) is forecast to grow faster than the US market (7.6% per year).
High Growth Revenue: NSRP.F's revenue (26.8% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NSRP.F's Return on Equity is forecast to be high in 3 years time
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How has Novo Resources performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NSRP.F is currently unprofitable.
Growing Profit Margin: NSRP.F is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NSRP.F is unprofitable, but has reduced losses over the past 5 years at a rate of 9.1% per year.
Accelerating Growth: Unable to compare NSRP.F's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NSRP.F is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (82.4%).
Return on Equity
High ROE: NSRP.F has a negative Return on Equity (-6.75%), as it is currently unprofitable.
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How is Novo Resources's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: NSRP.F's short term assets (CA$148.4M) exceed its short term liabilities (CA$85.8M).
Long Term Liabilities: NSRP.F's short term assets (CA$148.4M) exceed its long term liabilities (CA$47.0M).
Debt to Equity History and Analysis
Debt Level: NSRP.F has more cash than its total debt.
Reducing Debt: Insufficient data to determine if NSRP.F's debt to equity ratio has reduced over the past 5 years.
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.
Stable Cash Runway: NSRP.F has sufficient cash runway for more than a year based on its current free cash flow.
Forecast Cash Runway: Insufficient data to determine if NSRP.F has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.
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What is Novo Resources's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Novo Resources Dividend Yield vs Market|
|Company (Novo Resources)||n/a|
|Market Bottom 25% (US)||1.7%|
|Market Top 25% (US)||4.7%|
|Industry Average (Metals and Mining)||3.6%|
|Analyst forecast in 3 Years (Novo Resources)||n/a|
Notable Dividend: Unable to evaluate NSRP.F's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NSRP.F's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NSRP.F's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NSRP.F's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NSRP.F has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Mr. Michael John Spreadborough, also known as Mike, B.Eng. (Mining) (Hons), MBA, serves as Executive Co-Chairman at Novo Resources Corp. since August 2021 and is Acting Chief Executive Officer from April 2...
CEO Compensation Analysis
|Mike Spreadborough's Compensation vs Novo Resources Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||CA$3m||CA$236k|
Compensation vs Market: Mike's total compensation ($USD2.35M) is above average for companies of similar size in the US market ($USD772.00K).
Compensation vs Earnings: Insufficient data to compare Mike's compensation with company performance.
Experienced Board: NSRP.F's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|18 May 22||BuyUS$57,576||Michael Spreadborough||Individual||100,000||US$0.58|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Novo Resources Corp.'s employee growth, exchange listings and data sources
- Name: Novo Resources Corp.
- Ticker: NSRP.F
- Exchange: OTCPK
- Founded: 2009
- Industry: Gold
- Sector: Materials
- Implied Market Cap: US$86.639m
- Shares outstanding: 249.32m
- Website: https://www.novoresources.com
Number of Employees
- Novo Resources Corp.
- 580 Hornby Street
- Suite 880
- British Columbia
- V6C 3B6
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NSRP.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Feb 2012|
|1NO||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 2012|
|NVO||TSX (The Toronto Stock Exchange)||Yes||Common Shares||CA||CAD||Feb 2012|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/30 00:00|
|End of Day Share Price||2022/09/30 00:00|
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.