Minnova (CVE:MCI) Trading 33.3% Higher – Still a Buy?

Minnova Corp. (CVE:MCIGet Free Report)’s share price traded up 33.3% during mid-day trading on Tuesday . The stock traded as high as C$0.06 and last traded at C$0.06. 149,000 shares were traded during trading, an increase of 15% from the average session volume of 129,713 shares. The stock had previously closed at C$0.05.

Minnova Stock Up 33.3%

The stock’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 stock has a market cap of C$4.23 million, a price-to-earnings ratio of -4.58 and a beta of 1.11.

Minnova Company Profile

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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.

Further Reading

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