InZinc Mining (CVE:IZN) Trading Down 12.5% – Here’s Why

Shares of InZinc Mining Ltd. (CVE:IZNGet Free Report) were down 12.5% on Monday . The company traded as low as C$0.04 and last traded at C$0.04. Approximately 1,042,000 shares traded hands during mid-day trading, an increase of 671% from the average daily volume of 135,162 shares. The stock had previously closed at C$0.04.

InZinc Mining Trading Down 12.5%

The firm has a 50 day moving average price of C$0.03 and a 200-day moving average price of C$0.03. The firm has a market cap of C$4.32 million, a price-to-earnings ratio of -3.50 and a beta of 1.82.

About InZinc Mining

(Get Free Report)

InZinc Mining Ltd. acquires, explores for, and develops mineral properties in the United States and Canada. It primarily explores for zinc, copper, and indium deposits. The company holds a 100% interest in the Indy project comprising an area of 19,000 hectares located in Central British Colombia; and the West Desert Property located in Utah, the United States.

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