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Home CompaniesNovo Resources Corp

Novo Resources Corp

Basic Materials Gold
PortfolioPortfolio WatchlistWatchlist
Company price
0.065 CAD 0.00(0%)
Last update at 2026-11-03T17:33:00Z
VOLUME
3785
Market Cap
28.96M

Momentum Score

…

Novo Resources Corp., together with its subsidiaries, evaluates, acquires, explores, and develops mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Becher Project which covers an area of approximately 20 square kilometers located in the northern sector of Egina Gold Camp, 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 West Perth, Australia.

Source: TradingView
The charts and visual representations are sourced from TradingView through embedded widgets. For any issues with chart display, please visit the TradingView website

Day Price Range
0.07
Low
0.07
High
52 Week Price Range
0.07
Low
0.28
High

Momentum Score

…
Loading momentum score…

A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.

Score - Rating
>= 1 - Low / > 1 but < 2 - Below Average / > 2 but < 3 - Average / > 3 but < 4 - Above Average / > 4 - High
AI Summary

Novo Resources is a mineral exploration company focused on gold in the Pilbara region of Western Australia, targeting conglomerate-hosted paleoplacer deposits. Its long-term growth drivers include resource delineation across an extensive land position, potential advancement of discoveries toward economic extraction, and the possibility that sustained gold prices may support project development; investors may find it attractive for exploration upside in an unconventional gold framework.
Principal risks are early-stage project status with uncertain resources, technical and metallurgical challenges for conglomerate-hosted gold, the need for substantial capital and successful permitting to advance projects, and sensitivity to gold price volatility.

Risk Score
High

Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.

Key Metrics*

Previous Close
0.07
Dividend Yield
-
Revenue TTM
2.50M
Revenue Per Share
0.01
Gross Profit TTM
2.31M
Debt / Equity
0.01
ROE
-38.70%
Net Debt
-7.31M
ROCE
-46.86%
Diluted EPS TTM
-0.06

Key Financials*

Income Statement

Balance Sheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2025-12-31 2024-12-31 2023-12-31 2023-01-31 2022-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2023-01-31 2022-12-31
Income before tax -22.09M -22.64M -49.39M -106.63M -106.63M
Net income -22.39M -23.23M -127.81M -105.42M -105.42M
Selling general administrative 5.53M 8.99M 14.67M 14.77M 14.77M
Selling and marketing expenses - 11.05M 9.72M - -
Gross profit -0.19M -2.15M -5.96M -23.64M -23.64M
Reconciled depreciation 0.19M 1.38M 5.59M 25.84M 25.84M
Ebit -22.84M -21.22M -30.35M -69.26M -69.50M
Ebitda -22.65M -19.07M -24.39M -43.42M -43.42M
Depreciation and amortization 0.19M 2.15M 5.96M 25.84M 26.08M
Operating income -22.84M -19.20M -30.35M -122.20M -122.20M
Other operating expenses 22.84M 19.20M 30.35M 167.21M 167.21M
Interest expense 1.19M 1.41M 0.38M 11.35M 11.35M
Tax provision 0.30M 0.59M -0.50M -1.21M -1.21M
Interest income 0.20M 0.35M 0.70M 14.60M 14.60M
Net interest income -0.99M -1.06M 0.33M -7.44M -7.44M
Income tax expense 0.30M 0.59M -0.50M -1.21M -1.21M
Total revenue 0.00M 0.00M 0.00M 92.04M 92.04M
Total operating expenses 22.65M 17.05M 24.39M 51.53M 51.53M
Cost of revenue 0.19M 2.15M 5.96M 115.68M 115.68M
Total other income expense net 0.76M -3.44M -19.04M -24.02M -24.02M
Net income from continuing ops -22.39M -23.23M -48.89M -105.42M -105.42M
Net income applicable to common shares - - - -105.42M -105.42M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2023-01-31 2022-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2023-01-31 2022-12-31
Total assets 61.35M 85.27M 106.45M 256.16M 256.16M
Other current assets 0.51M - 0.82M 1.12M 1.12M
Total liab 15.14M 15.78M 21.53M 68.19M 68.19M
Total stockholder equity 46.20M 69.50M 84.92M 187.97M 187.97M
Other current liab 12.47M - 5.32M 16.68M 16.68M
Common stock 415.56M 415.56M 414.90M 396.82M 396.82M
Capital stock 415.56M - 414.90M 396.82M 396.82M
Retained earnings -436.78M -346.07M -391.17M -263.35M -263.35M
Other liab - - - 43.18M 43.18M
Other assets - 0.10M - 0.10M 0.10M
Cash 7.62M 10.69M 11.61M 47.92M 47.92M
Total current liabilities 12.60M 4.36M 8.98M 22.73M 22.73M
Current deferred revenue - - 1.93M - -
Net debt -7.31M - -10.00M -41.33M -41.33M
Short term debt 0.14M 0.00M 1.17M 4.31M 4.31M
Short long term debt total 0.31M - 1.61M 6.60M 6.60M
Other stockholder equity - - - 60.13M 60.13M
Property plant equipment - 41.80M - 178.93M 178.93M
Total current assets 8.66M 11.46M 23.86M 56.43M 56.43M
Long term investments 20.80M - 34.40M 20.70M 20.70M
Net tangible assets - - - 187.97M 187.97M
Short term investments 0.12M 0.12M 0.15M 0.15M 0.15M
Net receivables 0.41M - 11.28M 2.59M 2.59M
Long term debt - - - 0.00M 0.00M
Inventory - - 0.00M 4.64M 4.64M
Accounts payable 0.21M - 0.56M 1.74M 1.74M
Accumulated other comprehensive income 67.43M - 61.19M -5.63M -5.63M
Non currrent assets other 31.06M - 44.35M 0.10M 0.10M
Non current assets total 52.69M - 82.59M 199.73M 199.73M
Capital lease obligations 0.31M - 1.61M 6.60M 6.60M
Long term debt total - 0.31M - 2.28M 2.28M
Breakdown 2025-12-31 2024-12-31 2023-12-31 2023-01-31 2022-12-31
Type yearly yearly yearly yearly yearly
Date 2025-12-31 2024-12-31 2023-12-31 2023-01-31 2022-12-31
Investments 9.02M 10.57M -1.47M 119.69M 119.69M
Change to liabilities - - - -7.36M -7.36M
Total cashflows from investing activities 9.06M 19.69M - 119.69M 119.69M
Net borrowings -0.17M -1.19M - -62.94M -62.94M
Total cash from financing activities -0.17M -3.81M 12.83M -57.87M -57.87M
Net income -22.39M -23.23M -48.89M -106.63M -106.63M
Change in cash -3.07M -0.92M -36.31M 15.58M 15.58M
Begin period cash flow 10.69M 11.61M 47.92M 32.34M 32.34M
End period cash flow 7.62M 10.69M 11.61M 47.92M 47.92M
Total cash from operating activities -12.15M -16.73M -47.43M -46.19M -46.19M
Issuance of capital stock - 0.00M 17.15M 5.00M 5.00M
Depreciation 0.19M 2.15M 5.96M 25.84M 25.84M
Other cashflows from investing activities 0.04M 9.00M - 125.17M 125.17M
Change to inventory - 0.00M 4.55M 5.00M 5.00M
Change to account receivables -0.21M 1.12M -7.86M 3.54M 3.54M
Sale purchase of stock - - - 5.00M 5.00M
Other cashflows from financing activities -0.17M -2.62M 16.15M -51.03M -51.03M
Change to netincome - - - -15.89M -15.89M
Capital expenditures 0.00M 0.00M 1.69M 5.48M 5.48M
Change in working capital -0.60M -1.00M -12.41M 1.22M 1.22M
Stock based compensation 0.00M 0.30M 1.39M 2.83M 2.83M
Other non cash items 10.64M 5.35M 23.14M 30.55M 5.65M
Free cash flow -12.15M -16.73M -49.13M -51.66M -51.66M

Peer Comparison*

Sector: Basic Materials Industry: Gold

Stock Name
Change
(CAD)
Price
(CAD)
Trailing
PE (x)
Forward
PE (x)
Price Sales
TTM (x)
Price to Book Value (x)
Enterprise Value
to Revenue (x)
Enterprise Value
to EBITDA (x)
NVO
Novo Resources Corp		 -
-%		 0.07 - - 0.66 0.63 12.20 -0.26
AEM
Agnico Eagle Mines Limited		 -4.41
1.85%		 234.00 24.22 15.85 11.68 4.34 8.85 12.58
ABX
Barrick Gold Corp		 -1.21
2.28%		 51.89 14.39 10.63 5.80 2.63 4.04 6.19
WPM
Wheaton Precious Metals Corp		 -2.52
1.51%		 164.32 43.69 24.75 38.06 7.39 27.40 31.65
FNV
Franco-Nevada Corporation		 -4.09
1.27%		 316.85 42.91 30.30 36.18 6.45 26.79 28.34

Profile*

Novo Resources Corp

Novo Resources Corp., together with its subsidiaries, evaluates, acquires, explores, and develops mineral properties in Australia. The company explores for gold and copper deposits. Its flagship project is the Becher Project which covers an area of approximately 20 square kilometers located in the northern sector of Egina Gold Camp, 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 West Perth, Australia.

46 Ventnor Avenue, West Perth, WA, Australia, 6005

61 8 6400 6100

https://novoresources.com

Name Title Year Born
Mr. Michael John Spreadborough MBA Exec. Co-Chairman & Acting CEO NA
Mr. Ronan Sabo-Walsh CFO & Corp. Sec. NA
Mr. Leonidas Karabelas VP of Corp. Communications 1979
Ms. Karen De Luca Gen. Mang. of Exploration NA
Mr. Alwin van Roij Sr. Exploration Geologist NA
Mr. Michael John Spreadborough MBA Executive Co-Chairman & Acting CEO NA
Ms. Elza van der Walt CFO & Corporate Secretary NA
Ms. Karen De Luca General Manager of Exploration NA
Mr. Alwin van Roij Senior Exploration Geologist NA
Ms. Elza van der Walt CFO, Financial Controller & Corporate Secretary NA

Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.

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