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

Inventus Mining Corp. (CVE:IVS)’s share price fell 21.1% during mid-day trading on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares changed 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 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 firm’s fifty day moving average price is C$0.06 and its 200 day moving average price is C$0.05. The stock has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83.

Insiders Place Their Bets

In other news, Director Glen Alexander Milne purchased 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, for a total transaction of C$31,735.00. Insiders have purchased a total of 1,952,000 shares of company stock worth $99,235 in the last 90 days. 31.70% of the stock is currently 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.