Minnova (CVE:MCI) Stock Price Down 1.8% – Here’s What Happened

Minnova Corp. (CVE:MCI) shares fell 1.8% during mid-day trading on Tuesday . The stock traded as low as C$0.26 and last traded at C$0.28. 40,016 shares were traded during mid-day trading, a decline of 72% from the average session volume of 145,150 shares. The stock had previously closed at C$0.28.

Minnova Price Performance

The stock’s 50-day moving average price is C$0.33 and its 200 day moving average price is C$0.28. The firm has a market cap of C$33.47 million, a P/E ratio of -6.88 and a beta of 3.08.

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