Inomin Mines (CVE:MINE) Trading 25% Higher – Still a Buy?

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) were up 25% during mid-day trading on Monday . The company traded as high as C$0.08 and last traded at C$0.08. Approximately 297,700 shares were traded during trading, an increase of 227% from the average daily volume of 91,102 shares. The stock had previously closed at C$0.06.

Inomin Mines Stock Performance

The business has a 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.04. The firm has a market cap of C$3.68 million, a price-to-earnings ratio of -7.50 and a beta of 4.65.

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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