Brooklands Fund Management Ltd Buys New Holdings in Nova Minerals Ltd $NVA

Brooklands Fund Management Ltd bought a new stake in shares of Nova Minerals Ltd (NASDAQ:NVA) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 114,196 shares of the company’s stock, valued at approximately $697,000. Nova Minerals accounts for 0.1% of Brooklands Fund Management Ltd’s portfolio, making the stock its 27th biggest holding. Brooklands Fund Management Ltd owned 0.30% of Nova Minerals as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Rhumbline Advisers purchased a new stake in Nova Minerals during the 3rd quarter valued at about $63,000. LPL Financial LLC purchased a new stake in Nova Minerals during the 4th quarter valued at about $68,000. Bank of Montreal Can purchased a new stake in Nova Minerals during the 4th quarter valued at about $76,000. Citadel Advisors LLC purchased a new stake in Nova Minerals during the 3rd quarter valued at about $285,000. Finally, Trifecta Capital Advisors LLC purchased a new stake in Nova Minerals during the 4th quarter valued at about $429,000.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Nova Minerals from a “hold” rating to a “sell” rating in a report on Saturday, March 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Nova Minerals in a report on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Sell”.

Nova Minerals Price Performance

Shares of NASDAQ:NVA opened at $7.02 on Tuesday. Nova Minerals Ltd has a 52-week low of $1.68 and a 52-week high of $16.28. The stock has a 50 day moving average price of $6.36 and a 200-day moving average price of $7.17.

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.