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

Inventus Mining Corp. (CVE:IVS) fell 21.1% during trading on Saturday . The stock 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 Stock Down 21.1 %

The stock has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The firm has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83. 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 Activity

In other news, Director Glen Alexander Milne bought 577,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. Over the last ninety days, insiders bought 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is owned by company insiders.

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.