Minnova (CVE:MCI) Trading Up 25% – Time to Buy?

Minnova Corp. (CVE:MCIGet Free Report)’s share price was up 25% on Thursday . The company traded as high as C$0.05 and last traded at C$0.05. Approximately 148,647 shares were traded during mid-day trading, an increase of 95% from the average daily volume of 76,251 shares. The stock had previously closed at C$0.04.

Minnova Price Performance

The company has a debt-to-equity ratio of -3.33, a current ratio of 0.02 and a quick ratio of 0.12. The stock has a market cap of C$3.17 million, a price-to-earnings ratio of -3.43 and a beta of 1.11. The business’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05.

About Minnova

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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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