AMH Equity Ltd Takes Position in Nova Minerals Ltd $NVA

AMH Equity Ltd bought a new stake in Nova Minerals Ltd (NASDAQ:NVA) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 60,000 shares of the company’s stock, valued at approximately $984,000. Nova Minerals comprises about 1.2% of AMH Equity Ltd’s investment portfolio, making the stock its 28th biggest holding.

Nova Minerals Stock Performance

NASDAQ:NVA opened at $9.14 on Friday. The firm has a fifty day moving average of $8.23. Nova Minerals Ltd has a twelve month low of $1.68 and a twelve month high of $16.28.

Analyst Upgrades and Downgrades

NVA has been the subject of several recent analyst reports. Wall Street Zen raised Nova Minerals from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Nova Minerals in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has an average rating of “Sell”.

Nova Minerals Profile

Nova Minerals is a mineral exploration and development company organized to identify, acquire and advance high-quality gold and battery metals projects. The company’s flagship asset is the Estelle Gold Project in Alaska’s prolific Tintina Gold Province, where it has conducted extensive drilling programs to delineate large, near-surface oxide gold deposits. Nova Minerals applies modern exploration techniques and geophysical surveys to expand its resource base and target additional high-grade zones across its landholding.

Since listing on the Nasdaq under the ticker NVA, the company has focused on advancing its Alaska portfolio through systematic drilling, metallurgical test work and early-stage economic studies.