Nova Minerals Limited Stock Today
| NVA Stock | 12.40 0.62 5.26% |
PerformanceVery Weak
| Odds Of DistressAverage
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Nova Minerals is trading at 12.40 as of the 21st of March 2025, a 5.26 percent increase since the beginning of the trading day. The stock's open price was 11.78. Nova Minerals has 54 percent odds of going through some form of financial distress in the next two years and has generated negative returns to investors over the last 90 days. The performance scores are derived for the period starting the 21st of December 2024 and ending today, the 21st of March 2025. Click here to learn more.
IPO Date 24th of July 2024 | Category Basic Materials |
Nova Minerals is entity of United States. It is traded as Stock on NYSE MKT exchange. The company has 4.58 M outstanding shares of which 23.5 K shares are now shorted by investors with about 1.37 days to cover. More on Nova Minerals Limited
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Nova Stock Highlights
| CEO Director | Christopher Gerteisen | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Precious Metals (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Precious Metals, Other Industrial Metals & Mining, Basic Materials, WSE WIG INDEX, SP TSX Composite, Gold, Basic Materials (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Nova Minerals can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Nova Minerals' financial leverage. It provides some insight into what part of Nova Minerals' total assets is financed by creditors.
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Nova Minerals Limited (NVA) is traded on NYSE MKT Exchange in USA. It is located in 242 Hawthorn Road, Caulfield, VIC, Australia, 3161 and employs 6 people. Nova Minerals is listed under Precious Metals category by Fama And French industry classification. The company currently falls under 'Micro-Cap' category with a total capitalization of 55.53 M. Nova Minerals Limited runs under Basic Materials sector within Gold industry. The entity has 4.58 M outstanding shares of which 23.5 K shares are now shorted by investors with about 1.37 days to cover.
Nova Minerals generates positive cash flow from operations, but has no cash available
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Ownership AllocationThe market capitalization of Nova Minerals Limited is USD55.53 Million. Roughly 96.81 % of Nova Minerals outstanding shares are held by general public with 3.19 % by institutional investors. Please take into account that even companies with profitable outlook can generate negative future returns on their equity. If the true value of the firm is less than the current market value, you may not be able generate positive returns on investment in the long run.
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Nova Minerals Historical Income Statement
Nova Stock Against Markets
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Nova Minerals Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in real. You can also try the Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.
Is Precious Metals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Nova Minerals. If investors know Nova will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Nova Minerals listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Nova Minerals Limited is measured differently than its book value, which is the value of Nova that is recorded on the company's balance sheet. Investors also form their own opinion of Nova Minerals' value that differs from its market value or its book value, called intrinsic value, which is Nova Minerals' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Nova Minerals' market value can be influenced by many factors that don't directly affect Nova Minerals' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Nova Minerals' value and its price as these two are different measures arrived at by different means. Investors typically determine if Nova Minerals is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Nova Minerals' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.