Inventus Mining (CVE:IVS) Shares Down 21.1% – What’s Next?

Inventus Mining Corp. (CVE:IVS) traded down 21.1% during trading on Saturday . The company 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 session volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Stock Performance

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

Insiders Place Their Bets

In other news, Director Glen Alexander Milne purchased 577,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. Insiders have purchased a total of 1,952,000 shares of company stock valued at $99,235 over the last quarter. Company 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.