Inventus Mining (CVE:IVS) Stock Price Up 10% on Insider Buying Activity

Inventus Mining Corp. (CVE:IVS) shares rose 10% on Wednesday following insider buying activity. The company traded as high as C$0.06 and last traded at C$0.06. Approximately 231,000 shares changed hands during trading, an increase of 156% from the average daily volume of 90,284 shares. The stock had previously closed at C$0.05.

Specifically, Director Glen Alexander Milne acquired 577,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average price of C$0.06 per share, with a total value of C$31,735.00.

Inventus Mining Price Performance

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 has a market cap of C$10.08 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The company has a fifty day simple moving average of C$0.05 and a two-hundred day simple moving average of C$0.04.

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.