Inomin Mines (CVE:MINE) Stock Price Down 21.1% – Time to Sell?

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) dropped 21.1% on Tuesday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 150,360 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 91,757 shares. The stock had previously closed at C$0.10.

Inomin Mines Trading Down 21.1%

The stock’s 50 day moving average price is C$0.05 and its 200 day moving average price is C$0.04. The company has a market cap of C$3.68 million, a price-to-earnings ratio of -7.50 and a beta of 4.65.

About Inomin Mines

(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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