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

Inventus Mining Corp. (CVE:IVS)’s share price dropped 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 were traded during mid-day 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 Trading Down 21.1 %

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

Insider Buying and Selling at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne bought 577,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average price of C$0.06 per share, with a total value of C$31,735.00. Insiders have bought 1,952,000 shares of company stock worth $99,235 over the last quarter. 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.