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

Inventus Mining Corp. (CVE:IVS) traded down 21.1% during mid-day trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares traded 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 Price Performance

The business has a fifty day moving average of C$0.06 and a 200-day moving average of C$0.05. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The firm has a market capitalization of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83.

Insider Transactions at Inventus Mining

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 acquired 1,952,000 shares of company stock valued at $99,235. 31.70% of the stock is currently owned by corporate 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.