InZinc Mining (CVE:IZN) Shares Down 15.4% – Here’s Why

Shares of InZinc Mining Ltd. (CVE:IZNGet Free Report) dropped 15.4% during mid-day trading on Tuesday . The company traded as low as C$0.05 and last traded at C$0.06. Approximately 214,216 shares were traded during mid-day trading, an increase of 43% from the average daily volume of 149,383 shares. The stock had previously closed at C$0.07.

InZinc Mining Price Performance

The firm’s 50 day moving average price is C$0.04 and its 200 day moving average price is C$0.03. The stock has a market capitalization of C$6.79 million, a P/E ratio of -5.50 and a beta of 1.82.

InZinc Mining Company Profile

(Get Free Report)

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.

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