Inomin Mines (CVE:MINE) Trading Down 12.5% – Here’s Why

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) dropped 12.5% during mid-day trading on Thursday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 273,210 shares changed hands during trading, an increase of 174% from the average daily volume of 99,851 shares. The stock had previously closed at C$0.08.

Inomin Mines Trading Down 12.5%

The company has a market cap of C$3.43 million, a price-to-earnings ratio of -7.00 and a beta of 4.97. The company has a fifty day moving average price of C$0.08 and a two-hundred day moving average price of C$0.05.

Inomin Mines Company Profile

(Get Free Report)

Inomin Mines Inc, an exploration stage company, engages in the identification, acquisition, exploration, and evaluation of mineral properties in Canada and Mexico. It explores for magnesium, nickel, gold, silver, copper, chromium, cobalt, and zinc deposits. The company was formerly known as Inovent Capital Inc Inomin Mines Inc was incorporated in 2012 and is based in Vancouver, Canada.

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