Minnova (CVE:MCI) Shares Down 27.3% – Here’s What Happened

Minnova Corp. (CVE:MCI) fell 27.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 1,187,356 shares were traded during mid-day trading, an increase of 1,457% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Stock Performance

The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02. The company has a market cap of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11. The firm’s 50-day moving average price is C$0.05 and its 200 day moving average price is C$0.05.

About Minnova

Minnova Corp. engages in the exploration and evaluation of mineral properties. The company operates in two segments, Mineral Exploration and Renewable Energy. It primarily explores for gold. The company holds 100% interests in the PL Gold mine and the Nokomis property located in Manitoba. It also engages in the research and development of biomass gasification technology to produce renewable energy.