Inventus Mining (CVE:IVS) Stock Price Down 10.2% – Here’s What Happened

Inventus Mining Corp. (CVE:IVS)’s stock price fell 10.2% during mid-day trading on Monday . The stock traded as low as C$0.27 and last traded at C$0.27. Approximately 142,705 shares changed hands during mid-day trading, an increase of 20% from the average daily volume of 118,580 shares. The stock had previously closed at C$0.29.

Inventus Mining Trading Up 1.8%

The business has a 50 day moving average of C$0.26 and a 200 day moving average of C$0.26. The firm has a market capitalization of C$64.09 million, a price-to-earnings ratio of -29.00 and a beta of 0.94. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne bought 201,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was bought at an average cost of C$0.27 per share, for a total transaction of C$54,270.00. Following the transaction, the director owned 6,493,000 shares of the company’s stock, valued at C$1,753,110. This represents a 3.19% increase in their ownership of the stock. Insiders bought a total of 359,500 shares of company stock worth $95,280 in the last quarter. 31.70% of the stock is currently owned by company 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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.