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

Shares of Inventus Mining Corp. (CVE:IVS) were 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. Approximately 118,000 shares traded 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 Stock Performance

The firm has a fifty day simple moving average of C$0.06 and a 200-day simple moving average of C$0.05. 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 company has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83.

Insider Buying and Selling

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

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.