Inomin Mines (CVE:MINE) Stock Price Down 15% – Time to Sell?

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) dropped 15% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. 474,982 shares changed hands during mid-day trading, an increase of 248% from the average daily volume of 136,590 shares. The stock had previously closed at C$0.10.

Inomin Mines Trading Down 15.0%

The firm’s 50-day simple moving average is C$0.08 and its 200 day simple moving average is C$0.07. The stock has a market cap of C$4.17 million, a P/E ratio of -8.50 and a beta of 5.63.

About Inomin Mines

(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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