Novo Resources stock at CAD 0.06 on October 16, 2026, 78.57 percent below 52-week high

Novo Resources is scheduled to report its quarter ended September 30 on November 5, 2026, according to Investing.com. The schedule gives investors a firm date for the next operating update. Novo Resources stock last traded at CAD 0.06 on October 16, 2026 at 3:59 p.m. ET on the Toronto Stock Exchange.

Losses shape the next report

The latest reported quarter ended June 30, 2026. Novo Resources recorded CAD 3.25 million in net losses and CAD 0.01 in diluted earnings per share, according to Investing.com. Revenue was CAD 0 for that period, leaving exploration spending, project progress and cash resources as the main items for the next update.

Stock remains below its yearly high

The last traded price of CAD 0.06 was CAD 0.22 below the 52-week high of CAD 0.28, a gap of 78.57 percent. The finance profile places Novo Resources in Basic Materials and the Gold industry, with a market capitalization of CAD 25.6 million.

On October 15, 2026, Novo Resources presented its Australian exploration portfolio at the Precious Metals & Critical Minerals Virtual Investor Conference, as Investing.com reported. The discussion covered early-stage discoveries and more advanced assets, while the November reporting date provides the next scheduled checkpoint.

Comparison with peers

AEM (TSX, CAD): plus 0.56 percent, P/E 16.31, market capitalization CAD 135.5 billion

WPM (TSX, CAD): plus 0.44 percent, P/E 29.75, market capitalization CAD 86.2 billion

NVO (TSX, CAD): P/E minus 1.07, market capitalization CAD 25.6 million

Valuation and reporting date

Novo Resources carries a price-to-earnings ratio of minus 1.07, reflecting the latest loss rather than a positive earnings base. Its market capitalization of CAD 25.6 million is small beside the two larger gold companies in the comparison. The next scheduled reporting date is November 5, 2026.

Price and investor calendar

The next report is the key dated event for investors tracking exploration progress, project spending and cash preservation. The June quarter's CAD 3.25 million loss makes the September quarter's result important for measuring changes in operating costs and funding needs.

The last available Toronto Stock Exchange price was CAD 0.06 on October 16, 2026 at 3:59 p.m. ET. It stood 78.57 percent below the 52-week high of CAD 0.28.