Minnova (CVE:MCI) Shares Down 20% – Here’s What Happened

Minnova Corp. (CVE:MCI) fell 20% during mid-day trading on Friday . The company traded as low as C$0.04 and last traded at C$0.04. 249,222 shares changed hands during trading, an increase of 40% from the average session volume of 178,078 shares. The stock had previously closed at C$0.05.

Minnova Stock Performance

The business’s fifty day moving average price is C$0.05 and its 200-day moving average price is C$0.05. The stock has a market cap of C$2.82 million, a PE 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.

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.