Inomin Mines (CVE:MINE) Shares Down 8.3% – What’s Next?

Inomin Mines Inc. (CVE:MINEGet Free Report) was down 8.3% during mid-day trading on Tuesday . The stock traded as low as C$0.05 and last traded at C$0.06. Approximately 711,614 shares traded hands during trading, an increase of 554% from the average daily volume of 108,762 shares. The stock had previously closed at C$0.06.

Inomin Mines Stock Down 8.3%

The company has a 50-day moving average price of C$0.08 and a 200-day moving average price of C$0.06. The company has a market capitalization of C$2.70 million, a price-to-earnings ratio of -5.50 and a beta of 4.97.

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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