Inomin Mines (CVE:MINE) Stock Price Down 8.3% – Here’s Why

Inomin Mines Inc. (CVE:MINEGet Free Report) shares were down 8.3% on Tuesday . The company traded as low as C$0.06 and last traded at C$0.06. Approximately 230,333 shares traded hands during mid-day trading, an increase of 118% from the average daily volume of 105,594 shares. The stock had previously closed at C$0.06.

Inomin Mines Price Performance

The company has a market capitalization of C$2.45 million, a price-to-earnings ratio of -5.00 and a beta of 4.97. The firm’s fifty day moving average price is C$0.08 and its 200-day moving average price is C$0.06.

Inomin Mines Company Profile

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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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