Minnova (CVE:MCI) Shares Down 27.3% – Should You Sell?

Minnova Corp. (CVE:MCI)’s stock price traded down 27.3% during mid-day trading on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. 1,187,356 shares were traded during trading, an increase of 1,457% from the average session volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Price Performance

The stock has a 50-day simple moving average of C$0.05 and a 200 day simple moving average of C$0.05. The stock has a market capitalization of C$2.82 million, a P/E ratio of -3.05 and a beta of 1.11. The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02.

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.