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Novo Resources (TSX:NVO) 6-Month Price Index : 0.78 (As of Dec. 15, 2024)


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What is Novo Resources 6-Month Price Index?

6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago. It’s calculated by current share price divided by share price 6-months ago. As of today (2024-12-15), Novo Resources's 6-Month Price Index is 0.78.

Competitive Comparison of Novo Resources's 6-Month Price Index

For the Gold subindustry, Novo Resources's 6-Month Price Index, along with its competitors' market caps and 6-Month Price Index data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Novo Resources  (TSX:NVO) 6-Month Price Index Calculation

6-Month Price Index is calculated as following:

6-Month Price Index=Current Share Price / Share Price 6-Months Ago

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Novo Resources  (TSX:NVO) 6-Month Price Index Explanation

Price Index (PI) also called momentum. Strategies involving Price Index are also known as momentum strategies as they allow investors to profit from a company’s stock price. 6-Month Price Index is an intermediate-term momentum that shows the price change relative to 6-month ago.

The investment strategy for momentum investors is to buy winners and sell losers. That is, buy stocks that performed well and sell stocks that performed poorly in the past.

Novo Resources 6-Month Price Index Related Terms

Thank you for viewing the detailed overview of Novo Resources's 6-Month Price Index provided by GuruFocus.com. Please click on the following links to see related term pages.

Novo Resources Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Novo Resources Corp (TSX:NVO) » Definitions » 6-Month Price Index
Comparable Companies
TSXV:GWA TSXV:SPA TSXV:SOMA TSX:LN TSX:NHK TSXV:AU TSXV:CERT TSXV:WVM TSXV:RDS TSXV:MJS SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
NSRPF:USA 1NO:Germany NVO:Australia
Address
1199 West Hastings Street, Vancouver, BC, CAN, V6E 3T5
Website
https://www.novoresources.com
Novo Resources Corp is a company engaged in the business of evaluating, acquiring, and exploring natural resource properties with a focus on gold. The organization has business interests in properties located in Australia, Canada, and the USA. Its projects include Beatons Creek Property, Millennium Property, Blue Spec; Paleo-Placer; Comet Well, and others. It has two segments Mining operations and exploration operations.
Executives
Quinton Todd Hennigh Director
Michael Charles Barrett Director
Ronan Joseph Sabo-walsh Senior Officer
Robert James Humphryson Senior Officer
Kirkland Lake Gold Ltd. 10% Security Holder
Eric Sprott 10% Security Holder
Leonidas Karabelas Senior Officer
Gregory Gibson Director