Inomin Mines (CVE:MINE) Stock Price Up 28.6% – Here’s Why

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) rose 28.6% during mid-day trading on Monday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 267,449 shares changed hands during mid-day trading, an increase of 100% from the average daily volume of 133,527 shares. The stock had previously closed at C$0.07.

Inomin Mines Stock Performance

The business has a 50-day simple moving average of C$0.07 and a two-hundred day simple moving average of C$0.06. The company has a market capitalization of C$4.41 million, a price-to-earnings ratio of -9.00 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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