Minnova Corp. (CVE:MCI – Get Free Report) shares rose 13.6% on Friday . The company traded as high as C$0.30 and last traded at C$0.25. Approximately 179,234 shares changed hands during trading, a decline of 11% from the average daily volume of 201,156 shares. The stock had previously closed at C$0.22.
Minnova Price Performance
The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33. The business’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.11. The company has a market capitalization of C$24.49 million, a P/E ratio of -11.06 and a beta of 2.85.
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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