Minnova (CVE:MCI) Stock Price Up 30.8% – Still a Buy?

Shares of Minnova Corp. (CVE:MCIGet Free Report) traded up 30.8% during trading on Monday . The company traded as high as C$0.28 and last traded at C$0.26. 554,173 shares traded hands during mid-day trading, an increase of 140% from the average session volume of 231,190 shares. The stock had previously closed at C$0.20.

Minnova Price Performance

The stock has a market cap of C$30.35 million, a price-to-earnings ratio of -12.50 and a beta of 3.01. The company has a debt-to-equity ratio of -3.33, a current ratio of 0.02 and a quick ratio of 0.12. The stock’s 50 day simple moving average is C$0.19 and its two-hundred day simple moving average is C$0.15.

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.

Further Reading

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