Minnova (CVE:MCI) Reaches New 12-Month High – Should You Buy?

Minnova Corp. (CVE:MCI)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$0.38 and last traded at C$0.36, with a volume of 285803 shares. The stock had previously closed at C$0.29.

Minnova Price Performance

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’s 50-day moving average price is C$0.21 and its 200 day moving average price is C$0.17. The firm has a market cap of C$43.78 million, a price-to-earnings ratio of -18.00 and a beta of 3.16.

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.