Inomin Mines (CVE:MINE) Shares Up 42.9% – Should You Buy?

Inomin Mines Inc. (CVE:MINEGet Free Report)’s stock price shot up 42.9% on Thursday . The stock traded as high as C$0.11 and last traded at C$0.10. 381,700 shares changed hands during mid-day trading, an increase of 309% from the average session volume of 93,246 shares. The stock had previously closed at C$0.07.

Inomin Mines Stock Performance

The firm’s 50 day moving average price is C$0.07 and its two-hundred day moving average price is C$0.04. The company has a market cap of C$4.41 million, a P/E ratio of -9.00 and a beta of 5.07.

Inomin Mines Company Profile

(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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