Minnova Corp. (CVE:MCI – Get Free Report)’s stock price fell 19% on Wednesday . The stock traded as low as C$0.15 and last traded at C$0.17. 555,000 shares changed hands during trading, an increase of 173% from the average session volume of 202,983 shares. The stock had previously closed at C$0.21.
Minnova Price Performance
The stock has a market capitalization of C$17.14 million, a price-to-earnings ratio of -11.06 and a beta of 3.13. 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’s 50 day moving average is C$0.20 and its 200 day moving average is C$0.11.
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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