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

Shares of Inventus Mining Corp. (CVE:IVS) fell 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 mid-day 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 stock has a market cap of C$12.60 million, a price-to-earnings 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 company has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

Insider Buying and Selling

In other Inventus Mining news, Director Glen Alexander Milne purchased 577,000 shares of Inventus Mining stock in a transaction that occurred 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. Over the last three months, insiders have bought 1,952,000 shares of company stock worth $99,235. 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.