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

Inventus Mining Corp. (CVE:IVS)’s share price fell 21.1% during trading on Saturday . The company 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 Stock Performance

The company has a market cap of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83. 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 business has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

Insider Activity

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