Minnova (CVE:MCI) Trading Down 16.7% – Should You Sell?

Minnova Corp. (CVE:MCIGet Free Report)’s stock price fell 16.7% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. 957,500 shares were traded during mid-day trading, an increase of 361% from the average session volume of 207,754 shares. The stock had previously closed at C$0.21.

Minnova Stock Performance

The company’s fifty day simple moving average is C$0.19 and its 200 day simple moving average is C$0.11. 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$17.14 million, a P/E ratio of -11.06 and a beta of 3.13.

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.

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