Minnova Corp. (CVE:MCI – Get Free Report)’s stock price fell 18.2% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.05. 718,356 shares traded hands during mid-day trading, an increase of 842% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.
Minnova Stock Down 27.3 %
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 moving average of C$0.05 and a 200-day moving average of C$0.05. The company has a market capitalization of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11.
About Minnova
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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