Novo Resources stock at EUR 0.04 with a price-to-earnings ratio of minus 1.1

Published on 10/15/2026 at 22:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Novo Resources reports on November 5, 2026. Novo Resources stock costs EUR 0.04 on October 15, 2026, unchanged versus the Toronto Stock Exchange close.

Reporting date and valuation

Novo Resources is scheduled to report its September quarter on November 5, 2026.
The quarter ended June 30, 2026, produced a CAD 3.25 million net loss.
Novo Resources stock costs EUR 0.04 at Lang & Schwarz on October 15, 2026 at 10:37 p.m. CEST, unchanged on the Toronto Stock Exchange.
The company had a CAD 25.6 million market capitalization on October 15, 2026.

NVO, CA67010B1022, Illustration mit AI erstellt.

Novo Resources is scheduled to report its quarter ended September 30, 2026, on November 5, 2026, according to Investing.com. At Lang & Schwarz, Novo Resources was trading at EUR 0.04 on October 15, 2026 at 10:37 p.m. CEST, unchanged on the Toronto Stock Exchange.

June loss sets the baseline

The quarter ended June 30, 2026, produced a CAD 3.25 million net loss, while earnings per share stood at minus CAD 0.01, according to Investing.com. The reported loss gives the November reporting date more weight than a simple calendar marker because exploration companies can show little revenue while spending on project work.

The company is an Australia-focused gold explorer with projects in Western Australia, Victoria and New South Wales. Its June-quarter loss therefore needs to be read alongside exploration progress rather than against a production margin.

EUR 0.04 sits near the yearly floor

The Toronto Stock Exchange quote was CAD 0.06 on October 15, 2026, with a day high, low and open of CAD 0.06. Trading volume reached 47,003 shares, against an average volume of 159,901 shares. The 52-week range extended from CAD 0.05 to CAD 0.28, placing the latest home-market price 78.57 percent below the high.

Valuation and reporting calendar

Novo Resources had a market capitalization of CAD 25.6 million on October 15, 2026. Its price-to-earnings ratio was minus 1.07, reflecting the reported loss, while the dividend yield was 0.00 percent. The next scheduled reporting date is November 5, 2026, for the quarter ended September 30, 2026.

Comparison with peers

Novo Resources: 0.00 percent, P/E minus 1.07, market capitalization CAD 25.6 million
B2Gold (TSX, CAD): plus 3.39 percent, P/E 9.51, market capitalization CAD 9.7 billion
Kinross Gold (TSX, CAD): plus 6.89 percent, P/E 9.14, market capitalization CAD 40.1 billion

Price remains the immediate market signal

The combination of a small market capitalization, a negative price-to-earnings ratio and a wide 52-week range leaves exploration results and the reporting date as the main measurable reference points for the stock. The company has no dividend yield to cushion the valuation picture.

Novo Resources was trading at EUR 0.04 at Lang & Schwarz on October 15, 2026 at 10:37 p.m. CEST, unchanged on the Toronto Stock Exchange.

The further course of trading is shown by the continuously updated real-time quote of Novo Resources stock.