Inventus Mining (CVE:IVS) Stock Price Down 21.1% – Time to Sell?

Shares of Inventus Mining Corp. (CVE:IVS) were down 21.1% on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares were traded 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 Trading Down 21.1 %

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 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’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.05.

Insider Buying and Selling

In related news, Director Glen Alexander Milne purchased 577,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. Over the last quarter, insiders bought 1,952,000 shares of company stock worth $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.