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

Minnova Corp. (CVE:MCIGet Free Report) shares dropped 6% during mid-day trading on Monday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 302,335 shares traded hands during trading, an increase of 118% from the average daily volume of 138,885 shares. The stock had previously closed at C$0.25.

Minnova Trading Down 12.0%

The company’s 50 day moving average is C$0.26 and its 200 day moving average is C$0.28. The company has a market cap of C$26.78 million, a PE ratio of -5.50 and a beta of 3.15.

Minnova Company Profile

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Minnova Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Minnova and related companies with MarketBeat.com's FREE daily email newsletter.