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

Shares of Inventus Mining Corp. (CVE:IVS) traded down 21.1% on Saturday . 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 stock has a market capitalization of C$12.60 million, a price-to-earnings 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. The company has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.05.

Insider Activity

In other Inventus Mining news, Director Glen Alexander Milne purchased 577,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were bought at an average cost of C$0.06 per share, with a total value of C$31,735.00. Insiders have bought a total of 1,952,000 shares of company stock valued at $99,235 over the last 90 days. 31.70% of the stock is currently 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.