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

Inventus Mining Corp. (CVE:IVS) shares fell 21.1% on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 118,000 shares were traded 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 Performance

The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The company has a market capitalization of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83. The firm’s 50-day simple moving average is C$0.06 and its 200-day simple moving average is C$0.05.

Insider Activity at Inventus Mining

In related 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 cost of C$0.06 per share, for a total transaction of C$31,735.00. Over the last quarter, insiders bought 1,952,000 shares of company stock worth $99,235. 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.