Inomin Mines (CVE:MINE) Stock Price Down 20% – Here’s Why

Inomin Mines Inc. (CVE:MINEGet Free Report)’s share price fell 20% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 131,000 shares were traded during trading, an increase of 251% from the average session volume of 37,282 shares. The stock had previously closed at C$0.05.

Inomin Mines Stock Down 20.0 %

The stock has a fifty day simple moving average of C$0.04 and a 200-day simple moving average of C$0.04. The company has a market capitalization of C$1.62 million, a P/E ratio of -4.00 and a beta of 3.97.

Inomin Mines Company Profile

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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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