Inomin Mines (CVE:MINE) Stock Price Up 100% – Here’s Why

Inomin Mines Inc. (CVE:MINEGet Free Report) shares shot up 100% during mid-day trading on Saturday . The company traded as high as C$0.05 and last traded at C$0.04. 1,263,031 shares traded hands during mid-day trading, an increase of 1,608% from the average session volume of 73,969 shares. The stock had previously closed at C$0.02.

Inomin Mines Trading Up 100.0%

The stock has a fifty day moving average price of C$0.02 and a 200-day moving average price of C$0.04. The firm has a market capitalization of C$1.62 million, a price-to-earnings ratio of -4.00 and a beta of 3.97.

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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