Minnova (CVE:MCI) Trading Up 46.7% – Should You Buy?

Minnova Corp. (CVE:MCI)’s share price traded up 46.7% on Thursday . The company traded as high as C$0.23 and last traded at C$0.22. 511,325 shares were traded during trading, an increase of 214% from the average session volume of 163,055 shares. The stock had previously closed at C$0.15.

Minnova Stock Down 2.3%

The stock’s 50-day moving average price is C$0.10 and its two-hundred day moving average price is C$0.07. The stock has a market capitalization of C$20.57 million, a P/E ratio of -11.06 and a beta of 2.40. The company has a current ratio of 0.02, a quick ratio of 0.12 and a debt-to-equity ratio of -3.33.

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.