Inomin Mines (CVE:MINE) Shares Down 12.5% – Should You Sell?

Inomin Mines Inc. (CVE:MINEGet Free Report) shares dropped 12.5% during trading on Saturday . The company traded as low as C$0.07 and last traded at C$0.07. Approximately 182,020 shares were traded during mid-day trading, an increase of 7% from the average daily volume of 170,896 shares. The stock had previously closed at C$0.08.

Inomin Mines Stock Performance

The stock has a 50-day moving average price of C$0.07 and a two-hundred day moving average price of C$0.06. The stock has a market capitalization of C$3.43 million, a PE ratio of -7.00 and a beta of 5.36.

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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