Inventus Mining (CVE:IVS) Trading Down 21.1% – What’s Next?

Inventus Mining Corp. (CVE:IVS)’s stock price dropped 21.1% during trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed hands during trading, an increase of 26% from the average daily volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Stock Down 21.1 %

The firm has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The company’s 50-day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05.

Insider Transactions at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne bought 577,000 shares of Inventus Mining stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of C$0.06 per share, with a total value of C$31,735.00. Over the last ninety days, insiders bought 1,952,000 shares of company stock worth $99,235. Company insiders own 31.70% of the company’s stock.

About Inventus Mining

Inventus Mining Corp. engages in the acquisition, exploration, and development of mineral properties in Canada. The company explores for gold and base metals. It holds 100% interests in the Pardo Paleoplacer gold project covering an area of 3.8 square kilometers block of mineral leases and 180 square kilometers of mineral claims; and Sudbury 2.0 project totaling an area of 240 square kilometers of mineral claims located in Sudbury Mining Division, Ontario.