Minnova (CVE:MCI) Stock Price Down 20% – Time to Sell?

Minnova Corp. (CVE:MCI)’s share price traded down 20% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. 249,222 shares changed hands during mid-day trading, an increase of 40% from the average session volume of 178,078 shares. The stock had previously closed at C$0.05.

Minnova Trading Down 20.0 %

The firm’s 50-day simple moving average is C$0.05 and its 200-day simple moving average is C$0.05. The firm has a market capitalization of C$2.82 million, a PE ratio of -3.05 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.

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.