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

NSRP.F Stock Overview

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

NSRP.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Risk Analysis

Has less than 1 year of cash runway

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

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

Does not have a meaningful market cap ($20M)

+ 2 more risks

Novo Resources Corp. Competitors

Gold Resource

NYSEAM:GORO

US$14.2m

Austin Gold

NYSEAM:AUST

US$24.8m

Nevada Canyon Gold

OTCPK:NGLD

US$22.1m

Paramount Gold Nevada

NYSEAM:PZG

US$25.6m

Price History & Performance

Summary of all time highs, changes and price drops for Novo Resources
Historical stock prices
Current Share Price	US$0.058
52 Week High	US$0.14
52 Week Low	US$0.056
Beta	1.46
11 Month Change	-9.84%
3 Month Change	-7.68%
1 Year Change	-55.44%
33 Year Change	-95.23%
5 Year Change	-97.77%
Change since IPO	-85.26%

Recent updates

Shareholder Returns

	NSRP.F	US Metals and Mining	US Market
7D	0.07%	0.9%	-1.2%
1Y	-55.4%	21.7%	30.4%

Return vs Industry: NSRP.F underperformed the US Metals and Mining industry which returned 21.7% over the past year.

Return vs Market: NSRP.F underperformed the US Market which returned 30.4% 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	11.1%
Metals and Mining Industry Average Movement	8.0%
Market Average Movement	6.2%
10% most volatile stocks in US Market	15.5%
10% least volatile stocks in US Market	3.1%

Stable Share Price: NSRP.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: NSRP.F's weekly volatility (11%) has been stable over the past year, but is still higher than 75% of US 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?
NSRP.F fundamental statistics
Market cap	US$20.46m
Earnings (TTM)	-US$31.98m
Revenue (TTM)	n/a

0.0x

P/S Ratio

-0.6x

P/E Ratio

Is NSRP.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
NSRP.F 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 NSRP.F perform over the long term?

See historical performance and comparison

NSRP.F Stock Overview

Risk Analysis

Novo Resources Corp. Competitors

NYSEAM:GORO

US$14.2m

NYSEAM:AUST

US$24.8m

OTCPK:NGLD

US$22.1m

NYSEAM:PZG

US$25.6m

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

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

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