Minnova (CVE:MCI) Trading Down 20% – What’s Next?

Minnova Corp. (CVE:MCI)’s stock price was down 20% during trading on Thursday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 249,222 shares were traded during trading, an increase of 40% from the average daily volume of 178,078 shares. The stock had previously closed at C$0.05.

Minnova Price Performance

The stock has a market capitalization of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11. 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 company has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average 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.