Inomin Mines (CVE:MINE) Stock Price Down 20% – Time to Sell?

Inomin Mines Inc. (CVE:MINEGet Free Report) shares traded down 20% 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 Stock Down 20.0 %

The company’s 50 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.

Inomin Mines Company Profile

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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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