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Minnova
(MCI)
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Rating:42Neutral
Price Target:
C$0.17
▼(-6.67% Downside)
Action:Reiterated
Date:09/06/26
The score is held down primarily by weak financial performance: no revenue, widening losses, persistent negative cash flow, and negative equity that increases reliance on external financing and dilution risk. Technical signals are mixed with a weaker longer-term trend and high volatility, offering limited support. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Low Debt Burden
Debt is zero in the TTM and 2026 annual periods, limiting direct creditor pressure and interest obligations. This gives Minnova more flexibility to direct future capital toward exploration and operations, although negative equity remains a significant constraint.
Negative Factors
No Revenue and Widening Losses
The absence of revenue means Minnova has not yet demonstrated commercial scale or an operating income stream. Widening losses show that spending is increasing without a corresponding revenue base, weakening earnings visibility and increasing dependence on future funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Low Debt Burden
Debt is zero in the TTM and 2026 annual periods, limiting direct creditor pressure and interest obligations. This gives Minnova more flexibility to direct future capital toward exploration and operations, although negative equity remains a significant constraint.
Read all positive factors
Minnova (MCI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$21.19M
Dividend YieldN/A
Average Volume (3M)220.65K
Price to Earnings (P/E)―
Beta (1Y)2.26
Revenue GrowthN/A
EPS Growth-464.76%
CountryCA
EmployeesN/A
SectorGeneral
Sector StrengthN/A
IndustryGold
Share Statistics
EPS (TTM)-0.06
Shares Outstanding124,648,796
10 Day Avg. Volume264,307
30 Day Avg. Volume220,651
Financial Highlights & Ratios
PEG Ratio-0.01
Price to Book (P/B)-8.67
Price to Sales (P/S)0.00
P/FCF Ratio-5.99
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. is an enterprise focused on the acquisition, exploration, and development of mineral assets. The company's portfolio notably includes full ownership of both the PL Gold mine and the Nokomis property, which are located in Manitoba. Es...
How the Company Makes Money
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Minnova Financial Statement Overview
Summary
Income Statement
7
Very Negative
Balance Sheet
12
Very Negative
Cash Flow
9
Very Negative
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 0.00 | -130.11K | -14.41K | -103.00K | -18.41K |
| EBITDA | -4.96M | -620.01K | -239.00K | -1.66M | -775.45K |
| Net Income | -5.26M | -750.13K | -375.00K | -1.77M | -57.20K |
Balance Sheet | |||||
| Total Assets | 1.37M | 210.41K | 222.10K | 383.14K | 561.10K |
| Cash, Cash Equivalents and Short-Term Investments | 792.82K | 3.56K | 1.38K | 129.73K | 138.04K |
| Total Debt | 0.00 | 173.23K | 117.16K | 88.00K | 0.00 |
| Total Liabilities | 4.40M | 5.24M | 4.60M | 4.43M | 3.68M |
| Stockholders Equity | -3.04M | -5.03M | -4.38M | -4.04M | -3.12M |
Cash Flow | |||||
| Free Cash Flow | -4.40M | -65.82K | -154.05K | -736.46K | -656.32K |
| Operating Cash Flow | -4.40M | -65.82K | -154.05K | -736.46K | -656.32K |
| Investing Cash Flow | -75.00K | 0.00 | 0.00 | 0.00 | -950.70K |
| Financing Cash Flow | 5.26M | 68.00K | 25.70K | 728.15K | 662.91K |
Minnova Technical Analysis
Negative
0.18
Price Trends
0.18
Negative
0.21
Negative
0.25
Negative
Market Momentum
>-0.01
Positive
41.29
Neutral
8.33
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:MCI, the sentiment is Negative. The current price of 0.18 is above the 20-day moving average (MA) of 0.17, above the 50-day MA of 0.18, and below the 200-day MA of 0.25, indicating a bearish trend. The MACD of >-0.01 indicates Positive momentum. The RSI at 41.29 is Neutral, neither overbought nor oversold. The STOCH value of 8.33 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:MCI.
Minnova Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | C$20.30M | -13.08 | -14.44% | ― | ― | -121.62% | |
44 Neutral | C$14.96M | -2.95 | -131.49% | ― | ― | -91.67% | |
43 Neutral | C$15.17M | -4.48 | 207.77% | ― | ― | -417.86% | |
42 Neutral | C$21.19M | -2.77 | 182.21% | ― | ― | -464.76% | |
38 Underperform | C$27.56M | -10.87 | -585.66% | ― | ― | -250.00% |
* General Sector Average
TSE:MCI
Minnova
0.17
0.08
87.50%
TSE:PMC
Peloton Minerals
0.08
0.00
0.00%
TSE:RAK
Rackla Metals
0.26
-0.75
-74.50%
TSE:WRR
Walker River Resources
0.32
0.10
45.45%
TSE:PINN
Pinnacle Silver and Gold
0.10
>-0.01
-9.09%
TSE:SGC
Solstice Gold
0.10
0.04
53.85%
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.