Shares of Minnova Corp. (CVE:MCI – Get Free Report) rose 30.8% on Monday . The stock traded as high as C$0.28 and last traded at C$0.26. Approximately 554,173 shares were traded during mid-day trading, an increase of 140% from the average daily volume of 231,190 shares. The stock had previously closed at C$0.20.
Minnova Stock Performance
The business has a fifty day moving average price of C$0.19 and a 200-day moving average price of C$0.14. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33. The stock has a market capitalization of C$33.39 million, a P/E ratio of -13.75 and a beta of 3.01.
About Minnova
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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