Minnova (CVE:MCI) Stock Price Down 21.4% – What’s Next?

Minnova Corp. (CVE:MCIGet Free Report)’s stock price traded down 21.4% on Wednesday . The company traded as low as C$0.15 and last traded at C$0.17. 519,000 shares were traded during trading, an increase of 156% from the average session volume of 202,900 shares. The stock had previously closed at C$0.21.

Minnova Trading Down 14.3%

The company has a debt-to-equity ratio of -3.33, a current ratio of 0.02 and a quick ratio of 0.12. The stock’s 50-day moving average is C$0.19 and its two-hundred day moving average is C$0.11. The stock has a market cap of C$17.63 million, a P/E ratio of -11.06 and a beta of 3.13.

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.

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