NVO

NOVO RES CDI 1:1 [NVO]
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.
Basic Materials · ASX Small Cap
$0.0600 +0.0%

Updated 21 Jul 2026 · Signals refresh every scan

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Active Signals

Bullish Signals

  • RSI drifting toward oversold territory — worth watching
  • MACD momentum is losing steam
  • Stochastic just turned bullish from a low level — early reversal sign
  • Sitting right at the lower Bollinger Band — oversold and potentially ready to snap back
  • Volume surging at 2.3x normal while price falls — heavy selling pressure
  • Drifting lower — down 4.8% over the last 5 days
  • Volatility is contracting — like a spring being compressed, breakouts often follow
  • Low cash runway (4 quarters) - dilution risk
  • Pre-revenue with moderate cash ($10-30M)
  • Near 52-week low (0% of range)
  • Small-cap ($20-100M)
  • Capital raise activity (1 events)
  • Sentiment is mixed — no strong consensus either way
  • The bigger volume days are the up days — volume-weighted momentum is positive (0.61%/day)
  • Pre-revenue company — Altman Z-Score not applicable
  • RBA hiking (-3pts)

Risk Signals

  • Trading below both moving averages — the trend is working against this one
  • Below the 200-day average — the long-term trend is still working against it
  • Piotroski F-Score weak (3/9, low-confidence approx)
  • Not enough chatter to gauge sentiment — defaulting to neutral
  • Long-term momentum is negative — down 33% over the past year
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Recent Catalysts

NONE Statement of CDIs on issue - NVO
NONE Novo announces - Belltopper Gold Project Mineral Resource
NONE Statement of CDIs on issue - NVO

Recent ASX Announcements

2026-07-02 Statement of CDIs on issue - NVO
2026-06-09 Novo announces - Belltopper Gold Project Mineral Resource PRICE SENSITIVE
2026-06-03 Statement of CDIs on issue - NVO
2026-05-28 Change of Director's Interest Notice
2026-05-28 Novo - Cleansing Notice

Key Metrics

$26.7M
Market Cap
86K
Avg Volume
2.3x
Vol Ratio
$0.06 — $0.24
52-Week Range
0.1%
Short Interest
N/A
Cash Runway
-35.7%
ROE
N/A
Profit Margin

CANSLIM Analysis

FactorRatingDetail
CCurrent EPSfailEPS Growth: 0%
AAnnual EarningsfailCAGR: 0%
NNew Highs / Catalystsneutral
SSupply & DemandneutralFloat: 89%
LLeader vs LaggardlaggardRS: -5
IInstitutional Sponsorshipinsufficient_dataInst: 0%
MMarket DirectionneutralNeutral

Sector: Basic Materials

530 tickers in this sector

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