Inomin Mines (CVE:MINE) Trading Down 8.3% – What’s Next?

Inomin Mines Inc. (CVE:MINEGet Free Report)’s stock price traded down 8.3% during trading on Tuesday . The stock traded as low as C$0.06 and last traded at C$0.06. 230,333 shares were traded during mid-day trading, an increase of 118% from the average session volume of 105,594 shares. The stock had previously closed at C$0.06.

Inomin Mines Price Performance

The firm’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.06. The firm has a market capitalization of C$2.45 million, a price-to-earnings ratio of -5.00 and a beta of 4.97.

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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