Inomin Mines (CVE:MINE) Shares Down 12.5% – Here’s Why

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) traded down 12.5% during trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. 182,020 shares were traded during trading, an increase of 7% from the average session volume of 170,896 shares. The stock had previously closed at C$0.08.

Inomin Mines Stock Performance

The stock’s fifty day simple moving average is C$0.07 and its two-hundred day simple moving average is C$0.06. The company has a market cap of C$3.43 million, a price-to-earnings ratio of -7.00 and a beta of 5.36.

About Inomin Mines

(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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