Brooklands Fund Management Ltd Acquires New Stake in Nova Minerals Ltd $NVA

Brooklands Fund Management Ltd acquired a new stake in shares of Nova Minerals Ltd (NASDAQ:NVA) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 114,196 shares of the company’s stock, valued at approximately $697,000. Nova Minerals makes up approximately 0.1% of Brooklands Fund Management Ltd’s investment portfolio, making the stock its 27th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citadel Advisors LLC bought a new position in Nova Minerals during the 3rd quarter valued at approximately $285,000. Bank of Montreal Can bought a new position in Nova Minerals during the 4th quarter valued at approximately $76,000. LPL Financial LLC bought a new position in Nova Minerals during the 4th quarter valued at approximately $68,000. Rhumbline Advisers bought a new position in Nova Minerals during the 3rd quarter valued at approximately $63,000. Finally, Trifecta Capital Advisors LLC bought a new position in Nova Minerals during the 4th quarter valued at approximately $429,000.

Analyst Upgrades and Downgrades

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

Nova Minerals Price Performance

Nova Minerals stock opened at $7.02 on Tuesday. The stock has a fifty day simple moving average of $6.36 and a two-hundred day simple moving average of $7.17. Nova Minerals Ltd has a 12 month low of $1.68 and a 12 month high of $16.28.

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.