Minnova (CVE:MCI) Stock Price Down 27.3% – What’s Next?

Minnova Corp. (CVE:MCI)’s share price traded down 27.3% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.04. 1,187,356 shares changed hands during trading, an increase of 1,457% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Stock Performance

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 company has a market cap of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11. The stock has a 50 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.