Minnova (CVE:MCI) Shares Down 20% – Here’s Why

Minnova Corp. (CVE:MCI)’s stock price fell 20% during trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 249,222 shares changed hands during trading, an increase of 40% from the average session volume of 178,078 shares. The stock had previously closed at C$0.05.

Minnova Stock Down 20.0 %

The firm has a market cap of C$2.82 million, a PE ratio of -3.05 and a beta of 1.11. The company’s 50-day simple moving average is C$0.05 and its two-hundred day simple moving average is C$0.05. The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02.

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.