Shares of Inomin Mines Inc. (CVE:MINE – Get Free Report) dropped 20% during trading on Thursday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 131,000 shares were traded during trading, an increase of 251% from the average daily volume of 37,282 shares. The stock had previously closed at C$0.05.
Inomin Mines Price Performance
The firm’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04. The company 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
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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