Minnova (CVE:MCI) Shares Down 27.3% – Here’s Why

Minnova Corp. (CVE:MCI) shares fell 27.3% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.04. 1,187,356 shares changed hands during trading, an increase of 1,457% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Trading Down 27.3 %

The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02. The firm has a market cap of C$2.82 million, a P/E ratio of -3.05 and a beta of 1.11. The stock has a fifty day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05.

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.