Shares of Minnova Corp. (CVE:MCI – Get Free Report) were down 20% on Friday . The stock traded as low as C$0.04 and last traded at C$0.04. Approximately 249,222 shares traded hands during mid-day trading, an increase of 40% from the average daily volume of 178,078 shares. The stock had previously closed at C$0.05.
Minnova Stock Performance
The firm has a 50-day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. 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 capitalization of C$2.82 million, a price-to-earnings ratio of -3.05 and a beta of 1.11.
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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