Novo Resources Corp.

Novo Resources Corp.verified

NSRPF

Price:

$0.0603

Market Cap:

$28.99M

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. 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 Vancouver, Canada.[Read more]

Industry

Gold

IPO Date

2012-08-01

Stock Exchange

PNK

Ticker

NSRPF

The Current Ratio as of September 2024 (TTM) for Novo Resources Corp. (NSRPF) is 1.93

According to Novo Resources Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 1.93. This represents a change of -27.24% compared to the average of 2.66 of the last 4 quarters.

Novo Resources Corp. (NSRPF) Historical Current Ratio (quarterly & annually)

How has NSRPF Current Ratio performed in the past?

The mean historical Current Ratio of Novo Resources Corp. over the last ten years is 10.30. The current 1.93 Current Ratio has changed 1.78% with respect to the historical average. Over the past ten years (40 quarters), NSRPF's Current Ratio was at its highest in in the October 2017 quarter at 102.63. The Current Ratio was at its lowest in in the December 2021 quarter at 1.09.

Quarterly (TTM)
Annual

Average

10.30

Median

3.18

Minimum

1.09

Maximum

40.06

Novo Resources Corp. (NSRPF) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Novo Resources Corp. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 639.95%

Maximum Annual Current Ratio = 40.06

Minimum Annual Increase = -92.39%

Minimum Annual Current Ratio = 1.09

Quarterly (TTM)
Annual
YearCurrent RatioChange
20232.667.10%
20222.48128.50%
20211.09-23.91%
20201.43-61.42%
20203.70-61.71%
20199.66-75.88%
201840.06639.95%
20175.41109.60%
20162.58-92.39%
201533.94-70.57%

Novo Resources Corp. (NSRPF) Average Current Ratio

How has NSRPF Current Ratio performed in the past?

The current Current Ratio of Novo Resources Corp. (NSRPF) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

2.08

5-year avg

2.27

10-year avg

10.30

Novo Resources Corp. (NSRPF) Current Ratio vs. Peers

How is NSRPF’s Current Ratio compared to its peers?

Novo Resources Corp.’s Current Ratio is less than Lion One Metals Limited (4.65), less than Irving Resources Inc. (11.65), greater than Pure Gold Mining Inc. (0.49), greater than Eloro Resources Ltd. (1.71), less than Eskay Mining Corp. (10.00),

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