Shares of Minnova Corp. (CVE:MCI – Get Free Report) rose 41% on Thursday . The stock traded as high as C$0.28 and last traded at C$0.28. Approximately 1,154,968 shares changed hands during mid-day trading, an increase of 511% from the average daily volume of 188,885 shares. The stock had previously closed at C$0.20.
Minnova Stock Performance
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 firm has a market cap of C$26.94 million, a price-to-earnings ratio of -11.06 and a beta of 2.85. The stock has a fifty day moving average price of C$0.14 and a 200 day moving average price of C$0.08.
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.
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