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

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) fell 20% on Wednesday . The company traded as low as C$0.04 and last traded at C$0.04. 131,000 shares changed hands during mid-day trading, an increase of 254% from the average session volume of 37,004 shares. The stock had previously closed at C$0.05.

Inomin Mines Trading Down 20.0 %

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

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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