Inventus Mining (CVE:IVS) Trading Down 21.1% – Time to Sell?

Shares of Inventus Mining Corp. (CVE:IVS) dropped 21.1% during 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 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 Stock Performance

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 stock has a market cap of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The stock’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.05.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne bought 500,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of C$0.06 per share, with a total value of C$27,500.00. Over the last quarter, insiders acquired 1,952,000 shares of company stock worth $99,235. Company 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.