Minnova Corp. (CVE:MCI – Get Free Report)’s stock price dropped 27.3% during trading on Thursday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 1,187,356 shares traded hands during mid-day trading, an increase of 1,457% from the average daily volume of 76,251 shares. The stock had previously closed at C$0.06.
Minnova Stock Performance
The stock’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.05. The company has a market capitalization of C$3.17 million, a P/E ratio of -3.43 and a beta of 1.11. The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02.
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.
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