Inventus Mining (CVE:IVS) Stock Price Down 21.1% – What’s Next?

Inventus Mining Corp. (CVE:IVS) dropped 21.1% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed hands during 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 Price Performance

The company’s 50 day simple moving average is C$0.06 and its 200 day simple moving average is 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 stock has a market cap of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83.

Insider Activity at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne bought 577,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was acquired at an average cost of C$0.06 per share, with a total value of C$31,735.00. Insiders bought a total of 1,952,000 shares of company stock worth $99,235 in 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.