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

Inventus Mining Corp. (CVE:IVS) was down 21.1% 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 mid-day 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 Price Performance

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

Insider Transactions at Inventus Mining

In other news, Director Glen Alexander Milne purchased 577,000 shares of Inventus Mining stock in a transaction on Tuesday, November 19th. The shares were purchased at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. In the last ninety days, insiders purchased 1,952,000 shares of company stock valued at $99,235. Corporate 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.