Inomin Mines (CVE:MINE) Trading Up 25% – Should You Buy?

Inomin Mines Inc. (CVE:MINEGet Free Report) was up 25% during trading on Monday . The stock traded as high as C$0.08 and last traded at C$0.08. Approximately 297,700 shares were traded during trading, an increase of 227% from the average daily volume of 91,102 shares. The stock had previously closed at C$0.06.

Inomin Mines Trading Up 25.0%

The company has a 50 day moving average price of C$0.06 and a 200 day moving average price of C$0.04. The company has a market capitalization of C$3.68 million, a P/E ratio of -7.50 and a beta of 4.65.

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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