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

Inomin Mines Inc. (CVE:MINEGet Free Report) was down 8.3% during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06. Approximately 199,020 shares changed hands during trading, an increase of 87% from the average daily volume of 106,578 shares. The stock had previously closed at C$0.06.

Inomin Mines Trading Down 8.3%

The stock has a market cap of C$2.70 million, a P/E ratio of -5.50 and a beta of 4.97. The company’s 50 day moving average price is C$0.08 and its two-hundred day moving average price is C$0.06.

About Inomin Mines

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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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