Shares of Minnova Corp. (CVE:MCI – Get Free Report) dropped 20% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 249,222 shares were traded during mid-day trading, an increase of 40% from the average daily volume of 178,078 shares. The stock had previously closed at C$0.05.
Minnova Stock Down 20.0 %
The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02. The firm has a market capitalization of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11. The business’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05.
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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