Inception Mining (NASDAQ:IMII) was down 5.3% during trading on Wednesday . The company traded as low as $0.07 and last traded at $0.09, approximately 1,120 shares changed hands during trading. A decline of 96% from the average daily volume of 27,989 shares. The stock had previously closed at $0.10.

Separately, Fundamental Research cut shares of Inception Mining from a “buy” rating to a “hold” rating and cut their target price for the stock from $0.94 to $0.48 in a report on Wednesday, May 1st.

The business has a 50 day simple moving average of $0.12.

About Inception Mining (NASDAQ:IMII)

Inception Mining, Inc, an exploration stage company, engages in the acquisition, exploration, and development of mineral properties in the United States. It primarily explores for gold deposits. The company primarily holds interest in the Clavo Rico mine located on the 200-hectare Clavo Rico Concession, located in southern Honduras.

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