Inventus Mining (CVE:IVS) Shares Down 21.1% – Should You Sell?

Inventus Mining Corp. (CVE:IVS) dropped 21.1% during mid-day trading on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares traded hands 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 Price Performance

The company has a market capitalization of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The stock has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.05.

Insider Buying and Selling

In related news, Director Glen Alexander Milne bought 577,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$0.06 per share, with a total value of C$31,735.00. Insiders acquired a total of 1,952,000 shares of company stock worth $99,235 over the last 90 days. 31.70% of the stock is owned by 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.