Minnova (CVE:MCI) Shares Up 21.1% – Here’s Why

Minnova Corp. (CVE:MCI) shares rose 21.1% during trading on Friday . The stock traded as high as C$0.24 and last traded at C$0.23. Approximately 187,500 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 204,362 shares. The stock had previously closed at C$0.19.

Minnova Trading Up 21.1%

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 company has a market capitalization of C$22.53 million, a P/E ratio of -11.06 and a beta of 3.13. The business has a fifty day moving average price of C$0.22 and a 200 day moving average price of C$0.13.

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.