Shares of Minnova Corp. (CVE:MCI – Get Free Report) dropped 20% during mid-day trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 249,222 shares traded hands during trading, an increase of 40% from the average daily volume of 178,078 shares. The stock had previously closed at C$0.05.
Minnova Price Performance
The company has a 50 day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The company has a market capitalization of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.
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.
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