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

Inomin Mines Inc. (CVE:MINEGet Free Report) was down 20% during trading on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 178,735 shares changed hands during trading, an increase of 110% from the average daily volume of 85,226 shares. The stock had previously closed at C$0.05.

Inomin Mines Trading Down 20.0%

The stock has a market cap of C$1.96 million, a PE ratio of -4.00 and a beta of 4.44. The business has a 50-day moving average price of C$0.04 and a 200 day moving average price of C$0.03.

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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