Minnova (CVE:MCI) Reaches New 12-Month Low – Time to Sell?

Minnova Corp. (CVE:MCI – Get Free Report)’s stock price reached a new 52-week low on Friday. The company traded as low as C$0.14 and last traded at C$0.14, with a volume of 1,031,664 shares traded. The stock had previously closed at C$0.15.

Minnova Price Performance

The firm has a market cap of C$18.07 million, a P/E ratio of -2.42 and a beta of 3.14. The firm’s 50 day moving average is C$0.17 and its 200 day moving average is C$0.24.

Minnova Company Profile

(Get Free Report)

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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