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Nova Minerals

NVA on NYSEAmerican. Nova Minerals explores for gold, antimony and critical minerals at Estelle Project in Alaska. Market value $231m.

Watch this stockFree. We tell you when something changes.

This company reports once a year (it is based outside the US), so every figure comes from its annual report for the year to June 2025.

We can't read total debt from the filing, so debt is left out.

The latest annual report is over 15 months old, so we don't rank it.

Should I look at this?

Look carefully before going further

Why it could be worth it

Nothing stands out yet.

What to watch out for

Read the warning sign in its own filings

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
annual report to June 2025
-3.6%low

For every $100 of what the whole company costs, it produced $-3.63 of spare cash last year. A savings account pays about $4.

Price to profit
annual report to June 2025
n/a

The filings do not give us enough to work this out.

Return on capital
five annual reports to June 2025
n/a

The filings do not give us enough to work this out.

Quality score: not known. Price score: not known. Our list needs 70 on quality and 60 on price.

$5.66 a share, 40% above its 1-year low

Over the past year the price has ranged from $4.04 to $16.28.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

n/a
-0.0
20242025
Revenue
n/an/a
Operating margin
n/an/a
Debt to equity
n/an/a
Shares outstanding
0.27bn0.40bn

Health checks

  • Free cash flow positive0 of 1 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)Not enough data
  • Profit backed by cash (accruals)Not enough data
  • DebtUnknown
  • Revenue growth, five yearsUnknown
  • Buying back its own sharesNo, 48% more shares since 2024

Dates

Next results (estimated)
n/a
Last annual report (10-K)
30 September 2026
Next quarterly (estimated, 10-Q)
n/a

Who owns it

None of the long-term investors we follow own it. 31 funds in all.

Jun '26
Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

1 investor owns more than 5%.

  • Nebari Gold Fund 1, LP
    Passive investor
    at least 4.8%−1.0 pts
    (filed with 1 related holder)
    Since 30 September 2025

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $13,883 of shares on the open market.

  • Gerteisen Christopher
    Chief Executive Officer, Director
    Bought
    Date
    16 July 2026
    Shares
    5
    Price
    $6.90
    Value
    $35
  • Gerteisen Christopher
    Chief Executive Officer, Director
    Bought
    Date
    15 July 2026
    Shares
    2,007
    Price
    $6.90
    Value
    $13,848

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

2 serious warning signs in Nova Minerals’ filings.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 30 Sep 2026, plus 1 later 8-K.

  • Doubt it can keep going

    Serious

    The company or its auditor warned it may not have enough money to last the next year.

    “These conditions raise substantial doubt about the Company’s ability to continue as a going concern.”
    Show the full paragraph
    Based on the Company’s current operating plans and anticipated expenditures, management has concluded that the Company’s existing financial resources are not sufficient to fund its planned operations for at least twelve months from the date the Consolidated Financial Statements are issued. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. See Note 3 – Going Concern, to the Consolidated Financial Statements.

    From the 10-K filed 30 September 2026, Item 7. Management's Discussion and Analysis. Read it in the filing

  • Weak checks on its own accounts

    Serious

    The company said its checks on its own accounts did not work at year end. Mistakes could slip into the numbers.

    “Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as a result of the material weakness in our internal control over financial reporting described below, our disclosure controls and procedures were not effective as of June 30, 2026.”
    Show the full paragraph
    As of the end of the period covered by this Annual Report, the Company conducted an evaluation, under the supervision and with the participation of management, including the Chief Executive Officer and Chief Financial Officer, of the Company’s disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act). Under the supervision and with the participation of our management, including our Chief Executive Officer and our Chief Financial Officer, we evaluated the effectiveness of the design and operation of our disclosure controls and procedures as of the end of the period covered by this Annual Report. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that as a result of the material weakness in our internal control over financial reporting described below, our disclosure controls and procedures were not effective as of June 30, 2026.

    From the 10-K filed 30 September 2026, Item 9A. Controls and Procedures. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.