Minnova (CVE:MCI) Shares Up 12.1% – What’s Next?

Minnova Corp. (CVE:MCIGet Free Report) shares rose 12.1% during mid-day trading on Friday . The stock traded as high as C$0.19 and last traded at C$0.18. 645,610 shares traded hands during trading, an increase of 328% from the average daily volume of 150,705 shares. The stock had previously closed at C$0.17.

Minnova Price Performance

The company’s 50 day moving average price is C$0.18 and its 200 day moving average price is C$0.24. The firm has a market cap of C$23.06 million, a PE ratio of -3.08 and a beta of 2.96.

About Minnova

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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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