Novo Resources Corp.

Novo Resources Corp.verified

NVOOF

Price:

$0.5

Market Cap:

$142.65M

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

Stock Exchange

PNK

Ticker

NVOOF

The Current Ratio as of November 2024 (TTM) for Novo Resources Corp. (NVOOF) is 16.14

According to Novo Resources Corp.’s latest financial reports and current stock price. The company's current Current Ratio is 16.14. This represents a change of -12.41% compared to the average of 18.43 of the last 4 quarters.

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

How has NVOOF Current Ratio performed in the past?

The mean historical Current Ratio of Novo Resources Corp. over the last ten years is 48.34. The current 16.14 Current Ratio has changed 3.24% with respect to the historical average. Over the past ten years (40 quarters), NVOOF's Current Ratio was at its highest in in the September 2015 quarter at 226.78. The Current Ratio was at its lowest in in the June 2015 quarter at 0.23.

Quarterly (TTM)
Annual

Average

48.34

Median

29.24

Minimum

0.61

Maximum

133.31

Novo Resources Corp. (NVOOF) 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 = 16.33%

Maximum Annual Current Ratio = 133.31

Minimum Annual Increase = -82.98%

Minimum Annual Current Ratio = 0.61

Quarterly (TTM)
Annual
YearCurrent RatioChange
202219.98-22.98%
202125.94-43.93%
202046.2642.11%
201932.5584.53%
201817.64-82.98%
2017103.64-22.26%
2016133.3132.64%
2015100.5016.33%
20140.61-79.74%
20133.0240.46%

Novo Resources Corp. (NVOOF) Average Current Ratio

How has NVOOF Current Ratio performed in the past?

The current Current Ratio of Novo Resources Corp. (NVOOF) 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

30.72

5-year avg

28.47

10-year avg

48.34

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

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

Novo Resources Corp.’s Current Ratio is

CompanyCurrent RatioMarket cap

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