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

Inomin Mines Inc. (CVE:MINEGet Free Report) fell 20% during mid-day trading on Wednesday . The stock traded as low as C$0.04 and last traded at C$0.04. 131,000 shares were traded during 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 Trading Down 20.0 %

The stock has a market cap of C$1.62 million, a P/E ratio of -4.00 and a beta of 3.97. The business’s fifty day simple moving average is C$0.04 and its 200 day simple moving average is C$0.04.

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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