Minnova Corp. (CVE:MCI – Get Free Report)’s share price dropped 27.3% on Thursday . The stock traded as low as C$0.03 and last traded at C$0.04. Approximately 1,187,356 shares traded hands during trading, an increase of 1,457% from the average daily volume of 76,251 shares. The stock had previously closed at C$0.06.
Minnova Stock Down 27.3 %
The firm has a 50 day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.05. The company has a debt-to-equity ratio of -3.33, a quick ratio of 0.12 and a current ratio of 0.02. The stock has a market cap of C$2.82 million, a P/E ratio of -3.05 and a beta of 1.11.
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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