Minnova (CVE:MCI) Shares Down 16.7% – Here’s What Happened

Minnova Corp. (CVE:MCIGet Free Report)’s stock price fell 16.7% during trading on Thursday . The company traded as low as C$0.15 and last traded at C$0.18. 957,500 shares changed hands 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 Price Performance

The stock has a fifty day simple moving average of C$0.20 and a two-hundred day simple moving average of C$0.11. The company has a market cap of C$17.14 million, a PE ratio of -11.06 and a beta of 3.13. The company has a current ratio of 0.02, a quick ratio of 0.12 and a debt-to-equity ratio of -3.33.

About Minnova

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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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