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

Inventus Mining Corp. (CVE:IVS)’s stock price dropped 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 changed 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 firm has a 50 day simple moving average of C$0.06 and a 200-day simple moving average of C$0.05. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The company has a market cap of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83.

Insider Transactions at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne acquired 577,000 shares of the company’s stock in a transaction that occurred on 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. In the last three months, insiders bought 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.