Minnova (CVE:MCI) Trading Down 27.3% – Should You Sell?

Minnova Corp. (CVE:MCI) shares fell 27.3% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04. 545,356 shares changed hands during mid-day trading, an increase of 615% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Trading Down 18.2 %

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 firm has a market capitalization of C$3.17 million, a price-to-earnings ratio of -3.43 and a beta of 1.11. The company has a fifty day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05.

Minnova Company Profile

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.