Minnova (CVE:MCI) Shares Down 14.3% – Here’s What Happened

Minnova Corp. (CVE:MCIGet Free Report)’s share price was down 14.3% during trading on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 813,500 shares were traded during mid-day trading, an increase of 294% from the average daily volume of 206,554 shares. The stock had previously closed at C$0.21.

Minnova Trading Down 14.3%

The company has a current ratio of 0.02, a quick ratio of 0.12 and a debt-to-equity ratio of -3.33. The company has a 50-day simple moving average of C$0.19 and a 200 day simple moving average of C$0.11. The firm has a market cap of C$17.63 million, a PE ratio of -11.06 and a beta of 3.13.

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.

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