Inomin Mines (CVE:MINE) Shares Down 15% – Time to Sell?

Inomin Mines Inc. (CVE:MINEGet Free Report) was down 15% on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. Approximately 474,982 shares traded hands during mid-day trading, an increase of 248% from the average daily volume of 136,590 shares. The stock had previously closed at C$0.10.

Inomin Mines Price Performance

The firm’s 50-day moving average price is C$0.08 and its 200-day moving average price is C$0.07. The stock has a market cap of C$4.17 million, a P/E ratio of -8.50 and a beta of 5.63.

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.

Further Reading

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