Inomin Mines (CVE:MINE) Shares Down 15% – What’s Next?

Inomin Mines Inc. (CVE:MINEGet Free Report) dropped 15% on Friday . The stock traded as low as C$0.09 and last traded at C$0.09. Approximately 474,982 shares changed hands during trading, an increase of 248% from the average daily volume of 136,590 shares. The stock had previously closed at C$0.10.

Inomin Mines Price Performance

The company has a 50 day simple moving average of C$0.08 and a 200-day simple moving average of C$0.07. The stock has a market capitalization of C$4.90 million, a P/E ratio of -10.00 and a beta of 5.63.

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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