Shares of Minnova Corp. (CVE:MCI – Get Free Report) dropped 16.7% during trading on Thursday . The stock traded as low as C$0.15 and last traded at C$0.18. Approximately 957,500 shares were traded 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 Stock Down 16.7%
The firm has a market capitalization of C$17.14 million, a price-to-earnings ratio of -11.06 and a beta of 3.13. The stock has a 50 day moving average of C$0.19 and a 200 day moving average of C$0.11. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.
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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