Inomin Mines (CVE:MINE) Trading Down 20% – Here’s What Happened

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) fell 20% during trading on Wednesday . The stock 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 251% from the average session volume of 37,282 shares. The stock had previously closed at C$0.05.

Inomin Mines Price Performance

The business has a 50-day moving average of C$0.04 and a 200 day moving average of C$0.04. The company has a market capitalization of C$1.62 million, a PE ratio of -4.00 and a beta of 3.97.

Inomin Mines Company Profile

(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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