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

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

The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The firm has a market capitalization of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The firm has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05.

Insider Buying and Selling at Inventus Mining

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