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

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

Inomin Mines Stock Performance

The company’s 50-day moving average price is C$0.04 and its 200-day moving average price is C$0.04. The firm has a market capitalization of C$1.62 million, a PE ratio of -4.00 and a beta of 3.97.

Inomin Mines Company Profile

(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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