Minnova (CVE:MCI) Shares Up 38.5% – Here’s What Happened

Shares of Minnova Corp. (CVE:MCIGet Free Report) rose 38.5% during mid-day trading on Tuesday . The company traded as high as C$0.28 and last traded at C$0.27. Approximately 616,073 shares were traded during trading, an increase of 166% from the average daily volume of 231,592 shares. The stock had previously closed at C$0.20.

Minnova Stock 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 stock has a market capitalization of C$32.78 million, a price-to-earnings ratio of -13.50 and a beta of 3.01. The stock’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.15.

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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