Inventus Mining (CVE:IVS) Shares Down 21.1% – Here’s Why

Inventus Mining Corp. (CVE:IVS) traded down 21.1% during mid-day trading on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Stock Performance

The firm’s fifty day moving average price is C$0.06 and its 200-day moving average price is C$0.05. The company has a market cap of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insider Activity at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne acquired 500,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was bought at an average price of C$0.06 per share, for a total transaction of C$27,500.00. Insiders have bought 1,952,000 shares of company stock worth $99,235 over the last three months. Company insiders own 31.70% of the company’s stock.

Inventus Mining Company Profile

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.