Minnova (CVE:MCI) Stock Price Down 6% – Here’s What Happened

Minnova Corp. (CVE:MCIGet Free Report)’s stock price fell 6% during trading on Monday . The company traded as low as C$0.24 and last traded at C$0.24. 302,335 shares changed hands during trading, an increase of 118% from the average session volume of 138,885 shares. The stock had previously closed at C$0.25.

Minnova Stock Down 12.0%

The company has a market capitalization of C$26.78 million, a P/E ratio of -5.50 and a beta of 3.15. The business has a 50 day moving average of C$0.26 and a 200 day moving average of C$0.28.

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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