Minnova (CVE:MCI) Stock Price Up 13.6% – Time to Buy?

Minnova Corp. (CVE:MCIGet Free Report)’s stock price rose 13.6% during mid-day trading on Tuesday . The company traded as high as C$0.25 and last traded at C$0.25. Approximately 214,530 shares changed hands during mid-day trading, an increase of 53% from the average daily volume of 140,031 shares. The stock had previously closed at C$0.22.

Minnova Stock Performance

The company has a market capitalization of C$30.43 million, a PE ratio of -6.25 and a beta of 3.15. The stock’s fifty day simple moving average is C$0.26 and its 200-day simple moving average is C$0.28.

Minnova Company Profile

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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. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014.

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