Minnova Corp. (CVE:MCI – Get Free Report) fell 20% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. 249,222 shares traded hands during trading, an increase of 40% from the average session volume of 178,078 shares. The stock had previously closed at C$0.05.
Minnova Price Performance
The company’s 50 day simple moving average is C$0.05 and its 200 day simple moving average is C$0.05. The company has a current ratio of 0.02, a quick ratio of 0.12 and a debt-to-equity ratio of -3.33. The stock has a market capitalization of C$2.82 million, a PE ratio of -3.05 and a beta of 1.11.
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.
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