Minnova Corp. (CVE:MCI – Get Free Report)’s share price dropped 6.7% during mid-day trading on Tuesday . The company traded as low as C$0.15 and last traded at C$0.15. Approximately 233,000 shares traded hands during trading, an increase of 7% from the average daily volume of 217,276 shares. The stock had previously closed at C$0.16.
Minnova Stock Down 6.7%
The firm’s 50 day simple moving average is C$0.21 and its 200 day simple moving average is C$0.14. The company has a market cap of C$18.46 million, a price-to-earnings ratio of -7.60 and a beta of 3.01. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.
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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