Inomin Mines (CVE:MINE) Stock Price Down 12.5% – Should You Sell?

Inomin Mines Inc. (CVE:MINE) was down 12.5% during mid-day trading on Friday . The stock traded as low as C$0.07 and last traded at C$0.07. Approximately 182,020 shares traded hands during mid-day 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 firm has a market cap of C$3.43 million, a price-to-earnings ratio of -7.00 and a beta of 5.36. The stock has a 50-day moving average price of C$0.07 and a 200 day moving average price of 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.