Inventus Mining (CVE:IVS) Shares Down 21.1% – Time to Sell?

Shares of Inventus Mining Corp. (CVE:IVS) traded down 21.1% during 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 Down 21.1 %

The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The company has a market capitalization of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The firm’s 50-day moving average price is C$0.06 and its 200 day moving average price is C$0.05.

Insiders Place Their Bets

In other Inventus Mining news, Director Glen Alexander Milne bought 577,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was purchased at an average price of C$0.06 per share, with a total value of C$31,735.00. Insiders acquired 1,952,000 shares of company stock worth $99,235 over the last three months. 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.