Inomin Mines (CVE:MINE) Trading Up 20% – Time to Buy?

Inomin Mines Inc. (CVE:MINEGet Free Report)’s stock price shot up 20% on Thursday . The stock traded as high as C$0.10 and last traded at C$0.09. 858,372 shares were traded during trading, an increase of 778% from the average session volume of 97,750 shares. The stock had previously closed at C$0.08.

Inomin Mines Stock Performance

The company’s 50 day moving average price is C$0.08 and its 200-day moving average price is C$0.05. The company has a market cap of C$4.41 million, a price-to-earnings ratio of -9.00 and a beta of 4.97.

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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