Minnova (CVE:MCI) Trading Up 15.3% – What’s Next?

Shares of Minnova Corp. (CVE:MCIGet Free Report) were up 15.3% during trading on Friday . The stock traded as high as C$0.45 and last traded at C$0.42. Approximately 492,564 shares were traded during trading, an increase of 291% from the average daily volume of 125,843 shares. The stock had previously closed at C$0.36.

Minnova Stock Performance

The business’s 50-day simple moving average is C$0.22 and its two-hundred day simple moving average is C$0.17. 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 firm has a market cap of C$52.29 million, a price-to-earnings ratio of -21.50 and a beta of 3.16.

About Minnova

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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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