Minnova Corp (TSE:MCI)
:MCI
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Minnova
(MCI)
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Rating:41Neutral
Price Target:
C$0.28
▲(2.59% Upside)
Action:ReiteratedDate:03/21/26
The score is primarily held down by weak financial performance (no revenue, continued losses, cash burn, and negative equity). Technicals also point to a weak trend with negative momentum, while valuation is difficult to support given negative earnings and no dividend yield.
Positive Factors
Low Absolute Debt
Modest reported debt reduces near-term leverage risk and interest obligations, giving management more flexibility to fund exploration from equity or small financings. This lowers immediate solvency pressure and preserves operational optionality while the company pursues development milestones.
Negative Factors
No Revenue
Absence of operating revenue leaves the company reliant on external capital to fund operations, preventing self-sustaining cash generation. Over a multi-month horizon this undermines margin development and makes progress and valuation dependent on exploration outcomes and financing availability.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Absolute Debt
Modest reported debt reduces near-term leverage risk and interest obligations, giving management more flexibility to fund exploration from equity or small financings. This lowers immediate solvency pressure and preserves operational optionality while the company pursues development milestones.
Read all positive factors
Minnova (MCI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$31.09M
Dividend YieldN/A
Average Volume (3M)307.85K
Price to Earnings (P/E)―
Beta (1Y)1.91
Revenue GrowthN/A
EPS Growth-462.50%
CountryCA
EmployeesN/A
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)-0.02
Shares Outstanding124,348,790
10 Day Avg. Volume394,035
30 Day Avg. Volume307,850
Financial Highlights & Ratios
PEG Ratio0.08
Price to Book (P/B)-0.56
Price to Sales (P/S)0.00
P/FCF Ratio-15.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Minnova Business Overview & Revenue Model
Company Description
Minnova Corp. acquires, explores for, and develops mineral properties. It holds 100% interests in the PL Gold mine and the Nokomis property located in Manitoba. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Co...
How the Company Makes Money
null...
Minnova Financial Statement Overview
Summary
Income Statement
6
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
9
Very Negative
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | -105.82K | -130.11K | 0.00 | -103.00K | -18.41K | -24.21K |
| EBITDA | -3.63M | -620.01K | -239.00K | -1.66M | -775.45K | -348.00K |
| Net Income | -3.57M | -750.13K | -375.00K | -1.77M | -57.20K | -414.00K |
Balance Sheet | ||||||
| Total Assets | 2.77M | 210.41K | 222.10K | 383.14K | 561.10K | 19.39M |
| Cash, Cash Equivalents and Short-Term Investments | 2.51M | 3.56K | 1.38K | 129.73K | 138.04K | 21.04K |
| Total Debt | 0.00 | 173.23K | 117.16K | 88.00K | 0.00 | 0.00 |
| Total Liabilities | 4.94M | 5.24M | 4.60M | 4.43M | 3.68M | 5.22M |
| Stockholders Equity | -2.17M | -5.03M | -4.38M | -4.04M | -3.12M | 14.16M |
Cash Flow | ||||||
| Free Cash Flow | -2.48M | -65.82K | -154.05K | -736.46K | -656.32K | -12.93K |
| Operating Cash Flow | -2.48M | -65.82K | -154.05K | -736.46K | -656.32K | 285.53K |
| Investing Cash Flow | 0.00 | 0.00 | 0.00 | 0.00 | -950.70K | -298.47K |
| Financing Cash Flow | 4.99M | 68.00K | 25.70K | 728.15K | 662.91K | 0.00 |
Minnova Technical Analysis
Positive
0.27
Price Trends
0.34
Negative
0.30
Negative
0.22
Positive
Market Momentum
-0.02
Negative
50.75
Neutral
47.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCI, the sentiment is Positive. The current price of 0.27 is above the 20-day moving average (MA) of 0.26, below the 50-day MA of 0.34, and above the 200-day MA of 0.22, indicating a neutral trend. The MACD of -0.02 indicates Negative momentum. The RSI at 50.75 is Neutral, neither overbought nor oversold. The STOCH value of 47.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for TSE:MCI.
Minnova Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
43 Neutral | C$15.02M | -22.20 | -39.32% | ― | ― | -56.52% | |
43 Neutral | C$20.89M | -9.10 | -6.26% | ― | ― | -58.17% | |
42 Neutral | C$18.35M | -18.79 | -273.87% | ― | ― | -83.33% | |
41 Neutral | C$31.09M | -2.68 | 83.72% | ― | ― | -462.50% |
* Basic Materials Sector Average
TSE:MCI
Minnova
0.26
0.21
372.73%
TSE:PMC
Peloton Minerals
0.10
0.02
25.00%
TSE:RAK
Rackla Metals
0.15
-0.09
-37.50%
TSE:WRR
Walker River Resources
0.32
0.15
90.91%
TSE:PINN
Pinnacle Silver and Gold
0.10
0.07
185.71%
TSE:SGC
Solstice Gold
0.07
0.03
62.50%
Minnova Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Minnova Shareholders Back Board Changes and Incentive Plan at Annual Meeting
Positive
Feb 10, 2026
Minnova Corp., a near-term gold producer focused on restarting its PL Gold Mine in Manitoba, is leveraging existing infrastructure and revising its mine plan to emphasize lower-cost open pit methods before transitioning underground. The company is...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.