Shares of Minnova Corp. (CVE:MCI – Get Free Report) rose 17.4% on Tuesday . The company traded as high as C$0.31 and last traded at C$0.27. Approximately 195,489 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 155,340 shares. The stock had previously closed at C$0.23.
Minnova Price Performance
The firm has a 50-day simple moving average of C$0.37 and a 200-day simple moving average of C$0.27. The firm has a market capitalization of C$29.21 million, a PE ratio of -6.00 and a beta of 2.28.
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. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014.
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