Minnova Corp. (CVE:MCI – Get Free Report) shares dropped 16.7% on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 957,500 shares changed hands during trading, an increase of 361% from the average daily volume of 207,754 shares. The stock had previously closed at C$0.21.
Minnova Price Performance
The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33. The firm’s fifty day moving average price is C$0.19 and its two-hundred day moving average price is C$0.11. The stock has a market capitalization of C$17.14 million, a PE ratio of -11.06 and a beta of 3.13.
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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