Minnova (CVE:MCI) Sets New 1-Year High – Still a Buy?

Minnova Corp. (CVE:MCIGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$0.46 and last traded at C$0.46, with a volume of 177750 shares changing hands. The stock had previously closed at C$0.44.

Minnova Stock Up 8.0%

The company has a quick ratio of 0.12, a current ratio of 0.02 and a debt-to-equity ratio of -3.33. The company has a 50 day simple moving average of C$0.31 and a two-hundred day simple moving average of C$0.22. The company has a market capitalization of C$57.16 million, a P/E ratio of -23.50 and a beta of 2.88.

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

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