Minnova (CVE:MCI) Shares Down 1.8% – Time to Sell?

Minnova Corp. (CVE:MCI)’s stock price dropped 1.8% on Tuesday . The company traded as low as C$0.26 and last traded at C$0.28. Approximately 40,016 shares changed hands during trading, a decline of 72% from the average daily volume of 145,150 shares. The stock had previously closed at C$0.28.

Minnova Trading Down 1.9%

The company has a market capitalization of C$31.65 million, a price-to-earnings ratio of -6.50 and a beta of 3.08. The stock’s fifty day simple moving average is C$0.33 and its 200-day simple moving average is C$0.28.

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