Minnova Corp. (CVE:MCI – Get Free Report) dropped 16.7% during mid-day trading on Wednesday . The company traded as low as C$0.15 and last traded at C$0.18. Approximately 957,500 shares traded hands during trading, an increase of 361% from the average daily volume of 207,587 shares. The stock had previously closed at C$0.21.
Minnova Stock Performance
The company has a market capitalization of C$17.14 million, a P/E ratio of -11.06 and a beta of 3.13. The stock has a fifty day simple moving average of C$0.19 and a 200-day simple moving average of C$0.11. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.
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.
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