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

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

The firm’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05. 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 P/E ratio of -7.00 and a beta of 0.83.

Insider Activity at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne bought 500,000 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were purchased at an average price of C$0.06 per share, with a total value of C$27,500.00. Insiders acquired a total of 1,952,000 shares of company stock valued at $99,235 in the last quarter. Insiders own 31.70% of the company’s stock.

About Inventus Mining

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.