Minnova (CVE:MCI) Stock Price Up 25.7% – Should You Buy?

Minnova Corp. (CVE:MCIGet Free Report)’s stock price traded up 25.7% on Monday . The company traded as high as C$0.22 and last traded at C$0.22. 174,075 shares traded hands during mid-day trading, a decline of 24% from the average session volume of 229,079 shares. The stock had previously closed at C$0.18.

Minnova Price Performance

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 firm’s 50-day moving average price is C$0.19 and its two-hundred day moving average price is C$0.14. The stock has a market cap of C$30.96 million, a PE ratio of -12.75 and a beta of 3.01.

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. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014.

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