MINNOVA CORP chart

Last update: 2021-02-19
Key statistics and financials
Revenue per share N/A
Dividend & YieldN/AC$ (N/A)
Beta -0.05
Market capitalization 3.05M
Operating cash flow -13.56k
ESG Scores unknown

Company description

Minnova Corp. acquires and explores for mineral properties. It holds 100% 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 to Minnova Corp. in June 2014. Minnova Corp. was incorporated in 1994 and is based in Toronto, Canada.

Sector: Basic Materials - Industry: Gold

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Financial Statements

Cashflow Statement 2018-03-31 2019-03-31 2020-03-31 2021-03-31
Change To Liabilities -344.27k -67.94k 551.93k 648.59k
Total Cashflows From Investing Activities -1.39M -592.61k -298.47k -1.76M
Net Borrowings
Total Cash From Financing Activities 1.44M 146.75k 1.79M 1.79M
Change To Operating Activities 252.57k 80.21k -11k -167.93k
Issuance Of Stock 1.35M 146.75k 1.88M 1.88M
Net Income -930.35k -439.25k -413.54k -1.17M
Change In Cash -800.18k -39.38k -12.93k 110.41k
Effect Of Exchange Rate
Total Cash From Operating Activities -847.44k 406.47k 285.53k 80.23k
Depreciation 91.65k 90.57k 340.51k 49.12k
Change To Account Receivables -26.68k 60.65k 17.64k -32.35k
Other Cashflows From Financing Activities 93.09k -87.55k -87.55k -87.55k
Change To Netincome 109.63k 682.23k -200k 749.8k
Capital Expenditures -1.39M -592.61k -298.47k -1.76M

Income Statement 2018-03-31 2019-03-31 2020-03-31 2021-03-31
Research Development
Income Before Tax -930.35k -439.25k -413.54k -1.17M
Net Income -930.35k -439.25k -413.54k -1.17M
Selling General Administrative 719.31k 642.01k 282.94k 493.47k
Gross Profit
Ebit -1.15M -828.04k -623.45k -620.85k
Operating Income -1.15M -828.04k -623.45k -620.85k
Interest Expense -9.75k
Income Tax Expense
Total Revenue
Cost Of Revenue
Total Other Income ExpenseNet 222.9k 388.79k 209.91k -546.14k
Net Income From Continuing Ops -930.35k -439.25k -413.54k -1.17M
Net Income Applicable To Common Shares -930.35k -439.25k -413.54k -1.17M

Balance Sheet Statement 2018-03-31 2019-03-31 2020-03-31 2021-03-31
Total Liabilities 4.99M 4.88M 5.22M 4.71M
Total Stockholder Equity 13.82M 14.34M 14.16M 16.23M
Other Current Liabilities 277.53k 277.53k 277.53k 322.33k
Total Assets 18.81M 19.21M 19.39M 20.94M
Common Stock 20.41M 21.01M 21.51M 23.9M
Other Current Assets
Retained Earnings -9.59M -9.99M -9.06M -10.14M
Treasury Stock 3M 3.32M 1.71M 2.47M
Cash 73.35k 33.97k 21.04k 131.45k
Total Current Liabilities 2.05M 1.8M 1.85M 1.62M
Other Stockholder Equity 3M 3.32M 1.71M 2.47M
Property, Plant, and Equipment 18.4M 18.98M 19.17M 20.41M
Total Current Assets 342.19k 161.95k 142.38k 453.07k
Net Tangible Assets 13.82M 14.34M 14.16M 16.23M
Net Receivables 188.63k 127.98k 110.34k 142.69k
Accounts Payable 899.97k 1.26M 1.25M 851.22k


Insider Transactions

Here are the insider transactions of stock shares related to MINNOVA CORP:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Glenn (Gorden)Acquisition or disposition under a prospectus exemption at price 0.10 per share.D2021-12-30Director of Issuer314.19k
White, James David AlexanderAcquisition or disposition in the public market at price 0.08 per share.D2021-12-28Director of Issuer500k
Glenn (Gorden)Acquisition or disposition under a prospectus exemption at price 0.08 per share.D2021-12-08Director of Issuer940k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to MINNOVA CORP. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on MINNOVA CORP

Here is the result of two systematic investment strategies applied to MINNOVA CORP. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on MINNOVA CORP

The following chart shows the equity curve of the two systematic investment strategies applied to MINNOVA CORP:

MINNOVA CORP automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 139.69% on the backtest period.

Performance at glance

Performance

139.69 %

Latent gain

2792.89 C$

Invested capital

1999.31 C$

Annualized return

31.6 %
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Momentum strategy results on MINNOVA CORP

This is the result of two momentum investment strategies applied to MINNOVA CORP. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on MINNOVA CORP

The following chart shows all the entries opened by the momentum investment system on MINNOVA CORP:

MINNOVA CORP momentum entries
  • The first momentum investment strategy would give 79.08% of return on MINNOVA CORP. That represents 3955.05C$ of latent gain with 5001.03C$ of employed capital.
  • The second momentum investment strategy would give 40.39% of return on MINNOVA CORP. That represents 2019.68C$ of latent gain with 5000.62C$ of employed capital.
Performance at glance (1Q Momentum)

Performance

79.08 %

Latent gain

3955.05 C$

Invested capital

5001.03 C$

Annualized return

-12.12 %
Performance at glance (2Q Momentum)

Performance

40.39 %

Latent gain

2019.68 C$

Invested capital

5000.62 C$

Annualized return

10.25 %

Momentum equity curve on MINNOVA CORP

The following chart shows the equity curve of the two momentum strategies applied to MINNOVA CORP:

MINNOVA CORP momentum equity

Note: the dividends potentially given by MINNOVA CORP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MINNOVA CORP

The following chart shows the employed capital evolution of the two momentum strategies on MINNOVA CORP since the beginning:

MINNOVA CORP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250C$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000C$.


Buy the dip strategy result on MINNOVA CORP

Buy the dip entry openings on MINNOVA CORP

MINNOVA CORP

The performance achieved by the robo-advisor on MINNOVA CORP is -29.33%. That represents -659.86$ of latent gain with 2249.56C$ of employed capital. The following chart shows MINNOVA CORP stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of MINNOVA CORP, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

-29.33 %

Latent gain

-659.86 C$

Invested capital

2249.56 C$

Annualized return

-12.12 %

Equity curve of the strategy applied to MINNOVA CORP

The following chart shows the result of the investment strategy applied to MINNOVA CORP:

MINNOVA CORP

Note: the dividends potentially given by MINNOVA CORP are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on MINNOVA CORP

The following chart shows the employed capital evolution since the beginning of the investment strategy on MINNOVA CORP:

MINNOVA CORP

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on MINNOVA CORP

In this section, I will compare the three previous investment strategies applied to MINNOVA CORP.

Equity curve comparison on MINNOVA CORP

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

MINNOVA CORP investment strategy comparison

Employed capital comparison on MINNOVA CORP

MINNOVA CORP investment comparison

Performance comparison on MINNOVA CORP

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 139.69% 2792.89C$ 1999.31C$ 31.6%
Momentum 1 quarter 79.08% 3955.05C$ 5001.03C$ 18.92%
Momentum 2 quarters 40.39% 2019.68C$ 5000.62C$ 10.25%
Non-directional -29.33% -659.86C$ 2249.56C$ -12.12%
Annualized return comparison

Automatic investment

31.6 %

Momentum 1Q

10.25 %

Momentum 2Q

10.25 %

Non-directional

-12.12 %

Correlated stocks

Here are the most positively and negatively correlated stocks with MINNOVA CORP:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between MINNOVA CORP and the other stocks. There may be false positives or some missing correlated stocks. If the price of MINNOVA CORP does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name MINNOVA CORP
Country Canada
City Toronto
Address 217 Queen Street West
Phone
Website www.minnovacorp.ca
FullTime employees
Industry Gold
Sector Basic Materials
Exchange XTSX
Ticker MCI.XTSX
Market www.tsx.com

MINNOVA CORP ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown