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Minnova shares surged 25%–41% on heavy volume, closing above key moving averages, though no reason for the rally was given.
Minnova (CVE:MCI) shares rose between 25% and 41% on Monday, reaching a high of C$0.28 and closing between C$0.22 and C$0.27, driven by elevated trading volume exceeding double the average.
The company, formerly Auriga Gold Corp., focuses on gold exploration in Manitoba and biomass gasification technology.
Despite a negative PE ratio, high beta, and weak liquidity ratios, the stock traded above its 50-day and 200-day moving averages.
No specific catalyst for the rally was disclosed.
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Las acciones de Minnova subieron 25%-41% con un volumen elevado, cerrando por encima de los principales promedios móviles, aunque no se dio ninguna razón para el repunte.