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

Inventus Mining Corp. (CVE:IVS)’s share price was down 21.1% during trading on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares were traded during 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 Trading Down 21.1 %

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 stock has a market capitalization of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83. The company has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

Insider Activity

In related news, Director Glen Alexander Milne acquired 577,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was bought at an average price of C$0.06 per share, with a total value of C$31,735.00. Insiders have acquired 1,952,000 shares of company stock worth $99,235 in the last 90 days. Corporate insiders own 31.70% of the company’s stock.

About Inventus Mining

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.