Inventus Mining (CVE:IVS) Stock Price Up 11.9% – What’s Next?

Inventus Mining Corp. (CVE:IVS) was up 11.9% during trading on Friday . The stock traded as high as C$0.34 and last traded at C$0.33. 108,114 shares changed hands during mid-day trading, a decline of 9% from the average daily volume of 118,883 shares. The stock had previously closed at C$0.29.

Inventus Mining Price Performance

The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The company has a market capitalization of C$75.14 million, a price-to-earnings ratio of -28.50 and a beta of 0.94. The company has a 50-day moving average price of C$0.26 and a 200-day moving average price of C$0.26.

Insider Activity

In other Inventus Mining news, Director Glen Alexander Milne purchased 201,000 shares of the stock in a transaction dated Friday, July 17th. The stock was bought at an average price of C$0.27 per share, with a total value of C$54,270.00. Following the acquisition, the director owned 6,493,000 shares of the company’s stock, valued at approximately C$1,753,110. This represents a 3.19% increase in their ownership of the stock. In the last 90 days, insiders acquired 359,500 shares of company stock valued at $95,280. Company 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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.