Inventus Mining (CVE:IVS) Stock Price Down 2% – Here’s What Happened

Shares of Inventus Mining Corp. (CVE:IVS) dropped 2% during trading on Tuesday . The company traded as low as C$0.24 and last traded at C$0.24. Approximately 25,500 shares changed hands during trading, a decline of 78% from the average daily volume of 114,290 shares. The stock had previously closed at C$0.25.

Inventus Mining Stock Down 2.0%

The company has a market capitalization of C$40.31 million, a PE ratio of -7.00 and a beta of 0.83. 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 stock’s 50 day moving average is C$0.20 and its 200 day moving average is C$0.13.

Insider Activity at Inventus Mining

In other Inventus Mining news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 8th. The shares were bought at an average cost of C$0.16 per share, for a total transaction of C$1,894,720.00. 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.