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

Shares of Inventus Mining Corp. (CVE:IVS) dropped 21.1% 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 daily volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Price Performance

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 quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50. The stock has a 50 day moving average price of C$0.06 and a two-hundred day moving average price of C$0.05.

Insiders Place Their Bets

In other news, Director Glen Alexander Milne purchased 577,000 shares of the stock in a transaction on Tuesday, November 19th. The stock was bought at an average price of C$0.06 per share, with a total value of C$31,735.00. In the last quarter, insiders have purchased 1,952,000 shares of company stock valued at $99,235. Insiders own 31.70% of the company’s stock.

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.