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

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

The business’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The stock 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 quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50.

Insiders Place Their Bets

In other Inventus Mining news, Director Glen Alexander Milne acquired 577,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$0.06 per share, for a total transaction of C$31,735.00. Over the last three months, insiders have purchased 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is owned by company 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.