Minnova (CVE:MCI) Trading 33.3% Higher – Should You Buy?

Minnova Corp. (CVE:MCI)’s share price traded up 33.3% during trading on Tuesday . The company traded as high as C$0.06 and last traded at C$0.06. 149,000 shares changed hands during mid-day trading, an increase of 15% from the average session volume of 129,713 shares. The stock had previously closed at C$0.05.

Minnova Stock Up 33.3%

The firm has a market capitalization of C$4.23 million, a P/E ratio of -4.58 and a beta of 1.11. The business has a 50 day moving average price of C$0.05 and a 200 day moving average price of C$0.05. The company has a debt-to-equity ratio of -3.33, a current ratio of 0.02 and a quick ratio of 0.12.

Minnova Company Profile

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.