Minnova (CVE:MCI) Stock Price Down 11.1% – Time to Sell?

Minnova Corp. (CVE:MCIGet Free Report) was down 11.1% on Wednesday . The stock traded as low as C$0.16 and last traded at C$0.16. Approximately 378,311 shares changed hands during mid-day trading, an increase of 179% from the average daily volume of 135,380 shares. The stock had previously closed at C$0.18.

Minnova Price Performance

The company’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.27. The firm has a market cap of C$20.52 million, a P/E ratio of -3.30 and a beta of 3.06.

Minnova Company Profile

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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.

Further Reading

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