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

Inventus Mining Corp. (CVE:IVS) shares traded down 21.1% on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares were traded during mid-day trading, an increase of 26% from the average session volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Stock Performance

The stock’s 50 day simple moving average is C$0.06 and its two-hundred day simple moving average is C$0.05. The company has a market capitalization of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83. 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 Activity at Inventus Mining

In other news, Director Glen Alexander Milne purchased 577,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$0.06 per share, with a total value of C$31,735.00. Insiders purchased a total of 1,952,000 shares of company stock valued at $99,235 over the last quarter. Corporate 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.