InZinc Mining (CVE:IZN) Trading 30% Higher – Still a Buy?

by · The Cerbat Gem

InZinc Mining Ltd. (CVE:IZN – Get Free Report) shot up 30% during trading on Monday . The company traded as high as C$0.07 and last traded at C$0.07. 103,100 shares changed hands during trading, a decline of 31% from the average session volume of 148,884 shares. The stock had previously closed at C$0.05.

InZinc Mining Trading Down 15.4%

The company has a market cap of C$6.79 million, a P/E ratio of -5.50 and a beta of 1.82. The business’s 50 day simple moving average is C$0.04 and its 200 day simple moving average is C$0.03.

About InZinc Mining

(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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