InZinc Mining (CVE:IZN) Stock Price Down 23.1% – What’s Next?

InZinc Mining Ltd. (CVE:IZN) shares were down 23.1% during trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.05. Approximately 271,320 shares were traded during trading, an increase of 273% from the average daily volume of 72,707 shares. The stock had previously closed at C$0.07.

InZinc Mining Price Performance

The stock has a 50-day moving average price of C$0.06 and a 200 day moving average price of C$0.05. The firm has a market cap of C$6.17 million, a price-to-earnings ratio of -2.50 and a beta of 1.28.

About InZinc Mining

InZinc Mining Ltd. acquires, explores for, and develops mineral properties in the United States and Canada. It primarily explores for zinc, copper, and indium deposits. The company holds a 100% interest in the Indy project comprising an area of 19,000 hectares located in Central British Colombia; and the West Desert Property located in Utah, the United States. The company was formerly known as Lithic Resources Ltd. and changed its name to InZinc Mining Ltd. in February 2014. InZinc Mining Ltd. was incorporated in 1997 and is headquartered in Vancouver, Canada.