Minnova (CVE:MCI) Trading Down 27.3% – Here’s Why

Minnova Corp. (CVE:MCIGet Free Report)’s share price traded down 27.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04. 1,187,356 shares traded hands during trading, an increase of 1,457% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Stock Down 27.3 %

The firm’s 50 day moving average price is C$0.05 and its 200-day moving average price is C$0.05. 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 has a market cap of C$2.82 million, a P/E ratio of -3.05 and a beta of 1.11.

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.

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