Inomin Mines (CVE:MINE) Stock Price Down 12.5% – What’s Next?

Shares of Inomin Mines Inc. (CVE:MINE) dropped 12.5% on Saturday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 182,020 shares traded hands during trading, an increase of 7% from the average daily volume of 170,896 shares. The stock had previously closed at C$0.08.

Inomin Mines Price Performance

The business has a fifty day moving average of C$0.07 and a 200-day moving average of C$0.06. The stock has a market capitalization of C$3.43 million, a price-to-earnings ratio of -7.00 and a beta of 5.36.

Inomin Mines Company Profile

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.