Inomin Mines (CVE:MINE) Shares Down 12.5% – Time to Sell?

Inomin Mines Inc. (CVE:MINE)’s stock price was down 12.5% during mid-day trading on Friday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 182,020 shares changed 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 company has a market capitalization of C$3.43 million, a price-to-earnings ratio of -7.00 and a beta of 5.36. The business’s 50-day moving average price is C$0.07 and its two-hundred day moving average price is C$0.06.

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.