Inomin Mines (CVE:MINE) Stock Price Up 20% – Here’s Why

Shares of Inomin Mines Inc. (CVE:MINEGet Free Report) were up 20% during mid-day trading on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 902,372 shares changed hands during mid-day trading, an increase of 821% from the average daily volume of 98,010 shares. The stock had previously closed at C$0.08.

Inomin Mines Trading Up 20.0%

The company has a fifty day moving average of C$0.08 and a 200-day moving average of C$0.05. The company has a market capitalization of C$4.41 million, a price-to-earnings ratio of -9.00 and a beta of 4.97.

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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