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

Inomin Mines Inc. (CVE:MINEGet Free Report) rose 20% on Friday . The stock traded as high as C$0.10 and last traded at C$0.09. Approximately 902,372 shares were traded during trading, an increase of 821% from the average daily volume of 98,010 shares. The stock had previously closed at C$0.08.

Inomin Mines Stock Performance

The firm’s 50 day simple moving average is C$0.08 and its 200-day simple moving average is C$0.05. The company has a market capitalization 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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