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

Inventus Mining Corp. (CVE:IVS) shares fell 21.1% during mid-day trading on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. 118,000 shares were traded 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 Trading Down 21.1 %

The firm has a market cap of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The firm’s 50-day moving average is C$0.06 and its 200-day moving average is C$0.05. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insider Buying and Selling at Inventus Mining

In related news, Director Glen Alexander Milne bought 577,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were bought 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 acquired 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.