Minnova (CVE:MCI) Sets New 52-Week Low – What’s Next?

Minnova Corp. (CVE:MCI) hit a new 52-week low on Monday. The stock traded as low as C$0.14 and last traded at C$0.14, with a volume of 631,347 shares changing hands. The stock had previously closed at C$0.14.

Minnova Price Performance

The business has a 50-day moving average of C$0.16 and a 200-day moving average of C$0.24. The firm has a market cap of C$18.07 million, a price-to-earnings ratio of -2.42 and a beta of 2.86.

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.