Nova Minerals Ltd (NASDAQ:NVA) is preparing for a significant event in its stock market journey with a scheduled 5-for-1 stock split on October 29, 2025. This means that for every share currently held, shareholders will receive five shares. The company, which is positioning itself as a strategic supplier of military-grade antimony for the United States, aims to enhance its US trading price alignment and improve liquidity through this stock split.
The stock split announcement was made on October 15th, with the new shares set to be distributed after the market closes on October 27th. On the day of the announcement, the stock opened at $57.99, with a 52-week range between $7.00 and $81.40. The company's 50-day simple moving average is $18.49, indicating some volatility in its stock price over recent months.
Despite the stock split, analyst ratings for Nova Minerals remain mixed. Weiss Ratings reaffirmed a "sell (d-)" rating on October 8th, while Wall Street Zen upgraded the stock from a "sell" to a "hold" on September 20th. MarketBeat.com still lists the consensus rating as a "sell." These ratings reflect the market's cautious stance on the company's future prospects, despite its strategic initiatives.
Nova Minerals has secured a $43.4 million funding boost from the Department of War, which will aid in its goal of becoming a key supplier of antimony. The company has also acquired industrial land near Alaska’s Port MacKenzie to build an antimony refinery. This acquisition supports the development of its Estelle Project, which holds 9.9 million ounces of gold and critical minerals.
The stock for NVA is currently priced at $34.32, experiencing a decrease of 27.78% today, translating to a drop of $13.20. The stock has fluctuated between a low of $33.32 and a high of $42.61 during the trading day. With a market capitalization of approximately $117.66 million and a trading volume of 794,394 shares, Nova Minerals is navigating a dynamic market environment as it prepares for its stock split.
