Toronto Stock Exchange · Basic Materials
Invest in Novo Resources stock from India
Indian and foreign residents can buy Novo Resources (NVO) shares directly through Paasa.
By Paasa · Updated
Novo Resources at a glance
- Price
- CA$0.07+CA$0.00 (0.00%)
- Market cap
- CA$28.96M
- Day range
- CA$0.07 – CA$0.07
- P/E
- -1.25
- Dividend yield
- None
- Volume
- 50.00K
- 1 month
- -6.67%
- 6 months
- -17.65%
- YTD
- -50.00%
- 1 year
- -39.13%
- 5 years
- -95.98%
Novo Resources statements, FY2021–FY2025
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | CA$0.0 | CA$0.0 | CA$0.0 | CA$92.0M | CA$112.2M |
| Gross profit | −CA$193.0K | −CA$2.2M | −CA$6.0M | −CA$23.6M | CA$1.5M |
| Operating income | −CA$22.8M | −CA$19.2M | −CA$45.4M | −CA$122.2M | −CA$68.2M |
| Net income | −CA$22.4M | −CA$23.2M | −CA$127.8M | −CA$105.4M | −CA$704.0K |
| Earnings per share | −CA$0.06 | −CA$0.07 | −CA$0.16 | −CA$0.42 | −CA$0.00 |
| EBITDA | −CA$20.7M | −CA$19.1M | −CA$43.0M | CA$15.5M | CA$39.9M |
| Total assets | CA$61.3M | CA$85.3M | CA$106.5M | CA$256.2M | CA$462.7M |
| Total debt | CA$308.0K | CA$427.0K | CA$1.6M | CA$6.6M | CA$80.5M |
| Cash and short-term investments | CA$7.7M | CA$10.8M | CA$11.8M | CA$48.1M | CA$32.5M |
| Shareholders' equity | CA$46.2M | CA$69.5M | CA$84.9M | CA$188.0M | CA$314.3M |
| Operating cash flow | −CA$12.1M | −CA$16.7M | −CA$47.4M | −CA$46.2M | −CA$19.7M |
| Free cash flow | −CA$12.1M | −CA$16.7M | −CA$49.1M | −CA$51.7M | −CA$38.3M |
| Capital expenditure | CA$0.0 | CA$0.0 | −CA$1.7M | −CA$5.5M | −CA$18.7M |
Fiscal years as reported, the latest ending 31 Dec 2025. Figures in CAD; a dash means the provider reported nothing for that line.
Peer comparison
| Company | Ticker | Price | Market cap |
|---|---|---|---|
| Avanti Gold | AGC.CN | $0.49 | $102.32M |
| Angkor Resources | ANK.V | CA$0.45 | CA$92.76M |
| Altamira Gold | ALTA.V | CA$0.27 | CA$80.10M |
| TriStar Gold | TSG.V | CA$0.21 | CA$72.20M |
| Eastern Platinum | ELR.TO | CA$0.32 | CA$64.89M |
| Inventus Mining | IVS.V | CA$0.27 | CA$59.67M |
| Royal Road Minerals | RYR.V | CA$0.20 | CA$57.42M |
| Fortune Bay | FOR.V | CA$0.81 | CA$56.62M |
Peers as grouped by the data provider. This is not an investment recommendation.
How to invest in Novo Resources from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit, and Interactive Brokers converts the dollars to CAD when you buy.
Step 3
Search NVO and buy
Find Novo Resources by name or by its ticker, NVO, and place your order.
Why invest in Novo Resources from India
What Novo Resources does
Novo Resources Corp., together with its subsidiary entities, is involved in the evaluation, acquisition, exploration, and subsequent development of natural resource assets throughout Canada, Australia, and the United States. The company's primary focus is centered on identifying gold deposits. Novo Resources operates in the Gold industry within the Basic Materials sector.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Frequently asked questions
Can I buy Novo Resources stock from India?
Yes. Indian residents and NRIs can buy Novo Resources (NVO) shares directly through Paasa. Novo Resources is listed on the Toronto Stock Exchange, in the Gold industry. Your money leaves India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name at Interactive Brokers.
What tax do I pay in India when I sell Novo Resources shares?
In India, gains on shares held for more than 24 months are long-term and taxed at 12.5%, and gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. Both are worked out in rupees at the CAD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.