Minnova (CVE:MCI) Trading 25% Higher – What’s Next?

Minnova Corp. (CVE:MCIGet Free Report)’s stock price traded up 25% on Thursday . The stock traded as high as C$0.05 and last traded at C$0.05. 130,647 shares changed hands during trading, an increase of 71% from the average session volume of 76,251 shares. The stock had previously closed at C$0.04.

Minnova Price Performance

The stock has a market cap of C$3.17 million, a price-to-earnings ratio of -3.43 and a beta of 1.11. The company 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.

Minnova Company Profile

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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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