Inomin Mines (CVE:MINE) Trading 20% Higher – Still a Buy?

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

Inomin Mines Price Performance

The firm’s fifty day moving average price is C$0.08 and its 200-day moving average price is 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

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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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