Minnova (CVE:MCI) Shares Up 38.5% – Still a Buy?

Minnova Corp. (CVE:MCI) shares traded up 38.5% on Tuesday . The stock traded as high as C$0.28 and last traded at C$0.27. 616,073 shares changed hands during mid-day trading, an increase of 166% from the average session volume of 231,592 shares. The stock had previously closed at C$0.20.

Minnova Stock Performance

The firm has a market cap of C$32.78 million, a price-to-earnings ratio of -13.50 and a beta of 3.01. The company has a current ratio of 0.02, a quick ratio of 0.12 and a debt-to-equity ratio of -3.33. The stock’s 50 day moving average is C$0.19 and its 200 day moving average is C$0.15.

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