Inomin Mines (CVE:MINE) Trading 20% Higher – Should You Buy?

Inomin Mines Inc. (CVE:MINEGet Free Report) rose 20% during trading on Thursday . The company traded as high as C$0.10 and last traded at C$0.09. Approximately 902,372 shares traded 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 Stock Performance

The company’s fifty day simple moving average is C$0.08 and its two-hundred day simple moving average is C$0.05. The stock has a market capitalization of C$4.41 million, a PE 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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