Nova Minerals’ (NVA) “Sell (D-)” Rating Reaffirmed at Weiss Ratings

Nova Minerals (NASDAQ:NVA)‘s stock had its “sell (d-)” rating reissued by equities researchers at Weiss Ratings in a research report issued on Saturday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of Nova Minerals from a “sell” rating to a “hold” rating in a report on Saturday, September 20th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company currently has an average rating of “Sell”.

Nova Minerals Stock Down 6.2%

NASDAQ NVA opened at $31.96 on Friday. Nova Minerals has a one year low of $7.00 and a one year high of $81.40. The firm has a 50-day simple moving average of $20.90.

Nova Minerals shares are going to split on the morning of Tuesday, October 28th. The 5-1 split was announced on Wednesday, October 15th. The newly issued shares will be distributed to shareholders after the market closes on Monday, October 27th.

About Nova Minerals

We are an exploration stage company, and our flagship project is the Estelle Gold Project located in Alaska. We have no operating revenues and do not anticipate generating revenues in the foreseeable future. However, we expect to complete our first gold pour in late 2028, although there is no assurance that we will meet that timeframe and consummation of any such commercial production is subject to the risks described herein.