Inventus Mining (CVE:IVS) Trading Down 21.1% – What’s Next?

Inventus Mining Corp. (CVE:IVS) traded down 21.1% on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. 118,000 shares traded hands during 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 stock has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. 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 firm has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83.

Insider Activity at Inventus Mining

In other news, Director Glen Alexander Milne bought 577,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average price of C$0.06 per share, with a total value of C$31,735.00. In the last three months, insiders have bought 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.