Minnova (CVE:MCI) Trading Up 28.2% – Time to Buy?

Minnova Corp. (CVE:MCI)’s share price was up 28.2% during trading on Monday . The stock traded as high as C$0.26 and last traded at C$0.25. Approximately 366,421 shares traded hands during trading, an increase of 60% from the average daily volume of 229,637 shares. The stock had previously closed at C$0.20.

Minnova Stock Performance

The company has a market capitalization of C$30.96 million, a PE ratio of -12.75 and a beta of 3.01. The firm has a 50-day moving average of C$0.19 and a two-hundred day moving average of C$0.14. The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33.

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. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014.