Shares of Minnova Corp. (CVE:MCI – Get Free Report) fell 18.2% on Wednesday . The company traded as low as C$0.03 and last traded at C$0.05. 718,356 shares changed hands during mid-day trading, an increase of 842% 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 firm’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The company has a market cap of C$2.82 million, a P/E 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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