Minnova Corp. (CVE:MCI – Get Free Report)’s stock price traded down 11.1% during trading on Wednesday . The company traded as low as C$0.16 and last traded at C$0.16. 378,311 shares traded hands during mid-day trading, an increase of 179% from the average session volume of 135,380 shares. The stock had previously closed at C$0.18.
Minnova Price Performance
The company’s 50-day moving average price is C$0.20 and its two-hundred day moving average price is C$0.27. The company has a market capitalization of C$20.52 million, a price-to-earnings ratio of -3.30 and a beta of 3.06.
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.
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