Inomin Mines (CVE:MINE) Stock Price Down 20% – Should You Sell?

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

Inomin Mines Price Performance

The firm’s fifty day moving average is C$0.04 and its 200 day moving average is C$0.04. The firm has a market capitalization 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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