Minnova (CVE:MCI) Stock Price Down 27.3% – Should You Sell?

Minnova Corp. (CVE:MCI) shares were down 27.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 545,356 shares changed hands during mid-day trading, an increase of 615% from the average daily volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Stock Down 18.2 %

The stock has a market capitalization of C$3.17 million, a P/E ratio of -3.43 and a beta of 1.11. 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 has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05.

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.