Inomin Mines (CVE:MINE) Stock Price Down 15% – Time to Sell?

Inomin Mines Inc. (CVE:MINEGet Free Report) fell 15% during mid-day trading on Thursday . The company traded as low as C$0.09 and last traded at C$0.09. 474,982 shares were traded during mid-day trading, an increase of 248% from the average session volume of 136,590 shares. The stock had previously closed at C$0.10.

Inomin Mines Price Performance

The company has a market capitalization of C$4.17 million, a P/E ratio of -8.50 and a beta of 5.63. The company’s 50-day moving average price is C$0.08 and its two-hundred day moving average price is C$0.07.

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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