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

Inventus Mining Corp. (CVE:IVS)’s share price fell 21.1% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 118,000 shares traded hands during 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 Down 21.1 %

The firm has a market capitalization of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. 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 business’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.05.

Insider Transactions at Inventus Mining

In other news, Director Glen Alexander Milne purchased 500,000 shares of Inventus Mining stock in a transaction on Tuesday, November 12th. The shares were purchased at an average cost of C$0.06 per share, for a total transaction of C$27,500.00. In the last quarter, insiders have bought 1,952,000 shares of company stock valued at $99,235. 31.70% of the stock is owned by corporate 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.