Minnova (CVE:MCI) Shares Down 27.3% – Here’s What Happened

Minnova Corp. (CVE:MCI) was down 27.3% during mid-day trading on Wednesday . The company traded as low as C$0.03 and last traded at C$0.04. Approximately 545,356 shares changed hands during mid-day trading, an increase of 615% from the average daily volume of 76,251 shares. The stock had previously closed at C$0.06.

Minnova Stock Performance

The company has a market capitalization of C$3.17 million, a price-to-earnings ratio of -3.43 and a beta of 1.11. 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 company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.

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.