Minnova (CVE:MCI) Hits New 12-Month High – Should You Buy?

Shares of Minnova Corp. (CVE:MCIGet Free Report) reached a new 52-week high on Wednesday . The stock traded as high as C$0.45 and last traded at C$0.43, with a volume of 580437 shares. The stock had previously closed at C$0.40.

Minnova Stock Performance

The company has a debt-to-equity ratio of -3.33, a current ratio of 0.02 and a quick ratio of 0.12. The company has a market cap of C$55.33 million, a price-to-earnings ratio of -22.75 and a beta of 3.16. The stock has a 50-day moving average price of C$0.23 and a 200 day moving average price of C$0.18.

About Minnova

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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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