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Minnova Corp., together with its subsidiary, Minnova Renewable Energy, engages in the exploration and development of mineral properties in Canada. 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 activities. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014. Minnova Corp. was incorporated in 1994 and is based in Toronto, Canada.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Public information on Minnova Corp is limited; the company is listed on the TSX Venture Exchange (MCI.V) and appears positioned as a junior mineral exploration firm advancing early-stage properties. Long-term growth may depend on successful exploration results, securing project financing or joint-venture partners and favorable commodity prices, which could support value creation for investors seeking exploration upside.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Income before tax | -0.75M | -0.37M | -1.77M | 0.41M | -1.17M |
| Net income | -0.75M | -0.37M | -1.77M | 0.40M | -1.17M |
| Selling general administrative | 0.38M | 0.36M | 0.43M | 0.32M | 0.57M |
| Gross profit | -0.01M | -0.01M | -0.10M | -0.02M | -0.02M |
| Reconciled depreciation | 0.01M | 0.01M | 0.02M | 0.02M | 0.02M |
| Ebit | - | - | -1.77M | -1.19M | 0.14M |
| Ebitda | - | - | -1.67M | -1.12M | 0.19M |
| Depreciation and amortization | - | - | 0.10M | 0.07M | 0.05M |
| Operating income | -0.75M | -0.38M | -1.77M | -1.14M | 0.17M |
| Other operating expenses | - | - | 1.77M | 0.39M | 0.62M |
| Interest expense | - | - | - | 0.00M | 0.00M |
| Interest income | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Net interest income | 0.00M | 0.00M | -0.03M | 0.00M | 0.02M |
| Income tax expense | - | - | 0.00M | -0.74M | 0.79M |
| Total revenue | 0.00M | 0.00M | 0.00M | 0.00M | 0.00M |
| Total operating expenses | 0.75M | 0.38M | 1.67M | 0.37M | 0.60M |
| Cost of revenue | 0.01M | 0.01M | 0.10M | 0.02M | 0.02M |
| Total other income expense net | 0.00M | 0.00M | 0.00M | 0.79M | -0.55M |
| Discontinued operations | - | - | - | -0.08M | -0.03M |
| Net income from continuing ops | -0.75M | -0.37M | -1.77M | 0.41M | -1.17M |
| Net income applicable to common shares | - | - | -1.77M | -0.06M | -1.17M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Total assets | 0.21M | 0.22M | 0.38M | 21.19M | 20.94M |
| Total liab | 5.24M | 4.60M | 4.43M | 3.68M | 4.71M |
| Total stockholder equity | -5.03M | -4.38M | -4.04M | 17.51M | 16.23M |
| Other current liab | - | - | - | - | 0.32M |
| Common stock | - | - | 25.28M | 24.63M | 23.90M |
| Capital stock | 25.33M | 25.29M | 25.28M | 24.63M | 23.90M |
| Retained earnings | -31.80M | -31.14M | -31.07M | -29.81M | -10.14M |
| Other liab | - | - | 3.54M | 2.89M | 3.09M |
| Other assets | - | - | - | - | 0.07M |
| Cash | 0.00M | 0.00M | 0.13M | 0.14M | 0.13M |
| Total current liabilities | 1.81M | 1.31M | 0.89M | 0.79M | 1.62M |
| Net debt | 0.17M | 0.12M | - | - | - |
| Short long term debt | 0.17M | 0.12M | 0.09M | - | - |
| Other stockholder equity | - | - | 1.74M | 2.06M | 2.47M |
| Property plant equipment | - | - | 0.21M | 0.22M | 20.41M |
| Total current assets | 0.03M | 0.03M | 0.18M | 0.34M | 0.45M |
| Net tangible assets | - | - | -4.04M | -3.12M | 16.23M |
| Net receivables | 0.03M | 0.03M | 0.04M | 0.05M | 0.14M |
| Accounts payable | 1.26M | 0.83M | 0.52M | 0.51M | 0.85M |
| Non currrent assets other | - | - | - | - | 0.07M |
| Non current assets total | 0.18M | 0.19M | 0.21M | 20.85M | 20.49M |
| Breakdown | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-03-31 | 2024-03-31 | 2023-03-31 | 2022-03-31 | 2021-03-31 |
| Investments | - | - | -1.05M | -0.95M | -1.76M |
| Change to liabilities | - | - | 0.13M | 0.06M | 0.65M |
| Total cashflows from investing activities | - | - | - | -0.95M | -1.76M |
| Net borrowings | 0.05M | 0.03M | 0.09M | 0.09M | 0.09M |
| Total cash from financing activities | 0.07M | 0.03M | 0.73M | 0.66M | 1.79M |
| Change to operating activities | - | - | 0.14M | 0.11M | -0.17M |
| Net income | -0.75M | -0.37M | -1.77M | 0.40M | -1.17M |
| Change in cash | 0.00M | -0.13M | -0.01M | 0.01M | 0.11M |
| Begin period cash flow | 0.00M | 0.13M | 0.14M | 0.13M | 0.02M |
| End period cash flow | 0.00M | 0.00M | 0.13M | 0.14M | 0.13M |
| Total cash from operating activities | -0.07M | -0.15M | -0.74M | 0.29M | 0.08M |
| Issuance of capital stock | - | 0.00M | 0.68M | 0.71M | 1.85M |
| Depreciation | 0.01M | 0.01M | 0.10M | 0.02M | 0.02M |
| Change to inventory | - | - | - | -0.09M | -0.65M |
| Change to account receivables | - | - | 0.01M | 0.09M | -0.03M |
| Other cashflows from financing activities | - | - | 0.09M | -0.04M | -0.06M |
| Change to netincome | - | - | 0.64M | -0.92M | 0.75M |
| Capital expenditures | 0.00M | 0.00M | 0.00M | 0.95M | 1.76M |
| Change in working capital | 0.44M | 0.41M | 0.28M | 0.57M | 0.45M |
| Stock based compensation | 0.08M | 0.04M | 0.08M | 0.12M | 0.20M |
| Other non cash items | 0.13M | 0.13M | 0.84M | 0.08M | -0.21M |
| Free cash flow | -0.07M | -0.15M | -0.74M | 0.29M | -1.68M |
Sector: Basic Materials Industry: Gold
|
Stock Name
|
Change
(CAD) |
Price
(CAD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| MCI Minnova Corp |
- -% |
0.15 | - | - | 985.65 | 0.10 | 1237.35 | -3.16 |
| OMG Omai Gold Mines Corp |
0.03 1.78% |
1.72 | - | - | - | 62.63 | - | -4.09 |
| ASE Asante Gold Corporation |
-0.01 1.52% |
0.65 | - | 6.57 | 2.23 | 269.42 | 2.23 | 49.52 |
| THX Thor Explorations Ltd. |
0.05 5.43% |
0.97 | 3.41 | 2.77 | 2.87 | 1.88 | 1.80 | 2.44 |
| MKO Mako Mining Corp |
-0.16 1.45% |
10.89 | 18.47 | 2.34 | 6.21 | 4.73 | 4.31 | 10.00 |
Minnova Corp., together with its subsidiary, Minnova Renewable Energy, engages in the exploration and development of mineral properties in Canada. 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 activities. The company was formerly known as Auriga Gold Corp. and changed its name to Minnova Corp. in June 2014. Minnova Corp. was incorporated in 1994 and is based in Toronto, Canada.
| Name | Title | Year Born |
|---|---|---|
| Mr. Gorden Glenn BScH | Chairman, Pres & CEO | 1965 |
| Mr. Christopher E.O. Irwin B.A., L.L.B., L.L.M., LL.M., LLB, Q.C. | Interim CFO, Corp. Sec. & Director | 1974 |
| Mr. Gorden Glenn BScH | Chairman, President & CEO | 1965 |
| Mr. Christopher E.O. Irwin B.A., L.L.B., L.L.M., Q.C. | Interim CFO, Corporate Secretary & Director | 1974 |
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