InZinc Mining (CVE:IZN) Shares Down 16.7% – Here’s Why

InZinc Mining Ltd. (CVE:IZN – Get Free Report)’s stock price dropped 16.7% during trading on Saturday . The stock traded as low as C$0.05 and last traded at C$0.05. Approximately 221,108 shares were traded during mid-day trading, an increase of 48% from the average daily volume of 149,239 shares. The stock had previously closed at C$0.06.

InZinc Mining Price Performance

The company’s 50 day simple moving average is C$0.03 and its 200 day simple moving average is C$0.03. The firm has a market cap of C$6.17 million, a price-to-earnings ratio of -5.00 and a beta of 1.82.

About InZinc Mining

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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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