Minnova (CVE:MCI) Stock Price Down 12.8% – Should You Sell?

Minnova Corp. (CVE:MCIGet Free Report) fell 12.8% during mid-day trading on Wednesday . The stock traded as low as C$0.17 and last traded at C$0.17. 148,388 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 129,694 shares. The stock had previously closed at C$0.20.

Minnova Stock Performance

The stock has a 50 day moving average of C$0.22 and a 200-day moving average of C$0.29. The company has a market cap of C$21.91 million, a PE ratio of -4.50 and a beta of 3.01.

About Minnova

(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.

Further Reading

Receive News & Ratings for Minnova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minnova and related companies with MarketBeat.com's FREE daily email newsletter.