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

Inomin Mines Inc. (CVE:MINEGet Free Report) shares dropped 12.5% on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 182,020 shares traded hands during mid-day trading, an increase of 7% from the average daily volume of 170,896 shares. The stock had previously closed at C$0.08.

Inomin Mines Stock Performance

The firm has a fifty day moving average price of C$0.07 and a 200 day moving average price of C$0.06. The firm has a market capitalization of C$3.43 million, a price-to-earnings ratio of -7.00 and a beta of 5.36.

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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