Minnova Corp. acquires and explores for mineral properties. More Details
Adequate balance sheet and overvalued.
Share Price & News
How has Minnova's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: MCI is more volatile than 90% of Canadian stocks over the past 3 months, typically moving +/- 25% a week.
Volatility Over Time: MCI's weekly volatility (25%) has been stable over the past year, but is still higher than 75% of Canadian stocks.
7 Day Return
CA Metals and Mining
1 Year Return
CA Metals and Mining
Return vs Industry: MCI exceeded the Canadian Metals and Mining industry which returned 34.1% over the past year.
Return vs Market: MCI exceeded the Canadian Market which returned 2% over the past year.
Long-Term Price Volatility Vs. Market
How volatile is Minnova's share price compared to the market and industry in the last 5 years?
Simply Wall St News
7 months ago | Simply Wall StHow Many Minnova Corp. (CVE:MCI) Shares Did Insiders Buy, In The Last Year?
8 months ago | Simply Wall StDo Directors Own Minnova Corp. (CVE:MCI) Shares?
9 months ago | Simply Wall StHere's Why We're Watching Minnova's (CVE:MCI) Cash Burn Situation
Is Minnova undervalued compared to its fair value and its price relative to the market?
Price to Book (PB) ratio
Share Price vs. Fair Value
Below Fair Value: Insufficient data to calculate MCI's fair value to establish if it is undervalued.
Significantly Below Fair Value: Insufficient data to calculate MCI's fair value to establish if it is undervalued.
Price To Earnings Ratio
PE vs Industry: MCI is unprofitable, so we can't compare its PE Ratio to the CA Metals and Mining industry average.
PE vs Market: MCI is unprofitable, so we can't compare its PE Ratio to the Canadian market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate MCI's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: MCI is good value based on its PB Ratio (1.1x) compared to the CA Metals and Mining industry average (2.9x).
How is Minnova forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Materials industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Minnova has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Minnova's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Minnova competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Materials industry.
How has Minnova performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: MCI is currently unprofitable.
Growing Profit Margin: MCI is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: MCI is unprofitable, but has reduced losses over the past 5 years at a rate of 21% per year.
Accelerating Growth: Unable to compare MCI's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: MCI is unprofitable, making it difficult to compare its past year earnings growth to the Metals and Mining industry (71.8%).
Return on Equity
High ROE: MCI has a negative Return on Equity (-3.35%), as it is currently unprofitable.
How is Minnova's financial position?
Financial Position Analysis
Short Term Liabilities: MCI's short term assets (CA$312.2K) do not cover its short term liabilities (CA$2.0M).
Long Term Liabilities: MCI's short term assets (CA$312.2K) do not cover its long term liabilities (CA$3.4M).
Debt to Equity History and Analysis
Debt Level: MCI is debt free.
Reducing Debt: MCI has no debt compared to 5 years ago when its debt to equity ratio was 21%.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: MCI has sufficient cash runway for 2 months based on last reported free cash flow, but has since raised additional capital.
Forecast Cash Runway: MCI is forecast to have sufficient cash runway for 1 months based on free cash flow estimates, but has since raised additional capital.
What is Minnova current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate MCI's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate MCI's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if MCI's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if MCI's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of MCI's dividend in 3 years as they are not forecast to pay a notable one for the Canadian market.
How experienced are the management team and are they aligned to shareholders interests?
Average board tenure
Gord Glenn (55 yo)
Mr. Gorden Glenn, also known as Gord, serves as President, Chief Executive Officer, Chairman and Director of Minnova Corp. since May 2012. Mr. Glenn serves as the Chairman of the Board, President and Chief...
CEO Compensation Analysis
Compensation vs Market: Gord's total compensation ($USD202.49K) is above average for companies of similar size in the Canadian market ($USD153.63K).
Compensation vs Earnings: Gord's compensation has increased whilst the company is unprofitable.
|Interim CFO||12yrs||CA$16.00k||0.16% |
|Independent Director||11.25yrs||CA$16.00k||0.98% |
|Independent Director||10.75yrs||CA$16.00k||1.1% |
Experienced Board: MCI's board of directors are seasoned and experienced ( 11.3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: MCI insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 21.3%.
Minnova Corp.'s company bio, employee growth, exchange listings and data sources
- Name: Minnova Corp.
- Ticker: MCI
- Exchange: TSXV
- Founded: 1994
- Industry: Gold
- Sector: Materials
- Market Cap: CA$17.236m
- Shares outstanding: 40.08m
- Website: https://www.minnovacorp.ca
- Minnova Corp.
- 217 Queen Street West
- Suite 401
- M5V 0R2
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|MCI||TSXV (TSX Venture Exchange)||Yes||Common Shares||CA||CAD||Nov 2010|
|AGRD.F||OTCPK (Pink Sheets LLC)||Yes||Common Shares||US||USD||Nov 2010|
|2J1A||BST (Boerse-Stuttgart)||Yes||Common Shares||DE||EUR||Nov 2010|
Minnova Corp. acquires and explores for mineral properties. It holds interests in the PL Gold mine and the Nokomis property in Peru. The company was formerly known as Auriga Gold Corp. and changed its name...
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/01/20 23:16|
|End of Day Share Price||2021/01/20 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.