Inomin Mines (CVE:MINE) Shares Down 30% – Here’s Why

Inomin Mines Inc. (CVE:MINEGet Free Report) shares traded down 30% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 106,000 shares were traded during trading, an increase of 200% from the average session volume of 35,338 shares. The stock had previously closed at C$0.05.

Inomin Mines Trading Down 20.0 %

The company has a fifty day moving average price of C$0.04 and a 200-day moving average price of C$0.04. The firm has a market cap of C$1.62 million, a price-to-earnings ratio of -4.00 and a beta of 3.97.

About Inomin Mines

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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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