Shares of Minnova Corp. (CVE:MCI – Get Free Report) dropped 18.2% during trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.05. Approximately 1,033,356 shares changed hands during mid-day trading, an increase of 1,255% from the average daily volume of 76,251 shares. The stock had previously closed at C$0.06.
Minnova Price Performance
The firm has a market cap of C$2.82 million, a P/E 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’s 50-day moving average is C$0.05 and its two-hundred day moving average is C$0.05.
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.
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