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

Inventus Mining Corp. (CVE:IVS)’s stock price was down 21.1% during trading on Saturday . 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 company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The firm’s fifty day moving average is C$0.06 and its 200 day moving average is C$0.05. The company has a market capitalization of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83.

Insiders Place Their Bets

In other Inventus Mining news, Director Glen Alexander Milne purchased 577,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were bought 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. 31.70% of the stock is owned by corporate insiders.

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.