Minnova (CVE:MCI) Trading Up 1.4% – What’s Next?

Minnova Corp. (CVE:MCI) shares were up 1.4% during mid-day trading on Wednesday . The stock traded as high as C$0.36 and last traded at C$0.36. Approximately 2,000 shares changed hands during trading, a decline of 99% from the average daily volume of 176,020 shares. The stock had previously closed at C$0.35.

Minnova Stock Performance

The firm has a market capitalization of C$43.17 million, a price-to-earnings ratio of -17.75 and a beta of 2.88. The stock’s fifty day moving average is C$0.29 and its two-hundred day moving average is C$0.21. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.

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.