Minnova (CVE:MCI) Shares Down 7.1% – What’s Next?

Minnova Corp. (CVE:MCI) fell 7.1% during trading on Tuesday . The stock traded as low as C$0.38 and last traded at C$0.39. 137,001 shares traded hands during mid-day trading, a decline of 19% from the average session volume of 168,317 shares. The stock had previously closed at C$0.42.

Minnova Stock Performance

The business’s 50-day moving average is C$0.36 and its 200-day moving average is C$0.25. The firm has a market cap of C$45.00 million, a price-to-earnings ratio of -18.50 and a beta of 2.28.

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. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014.