Inventus Mining (CVE:IVS) Shares Down 3.7% – What’s Next?

Inventus Mining Corp. (CVE:IVS) shares dropped 3.7% during trading on Monday . The stock traded as low as C$0.26 and last traded at C$0.26. 73,295 shares changed hands during trading, a decline of 39% from the average daily volume of 119,620 shares. The stock had previously closed at C$0.27.

Inventus Mining Trading Down 3.7%

The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50. The firm has a market capitalization of C$57.14 million, a P/E ratio of -26.00 and a beta of 0.78. The firm has a 50 day moving average of C$0.25 and a 200-day moving average of C$0.27.

Insider Buying and Selling

In other Inventus Mining news, Director Stephan Michael Seydegart Spears sold 200,000 shares of the firm’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of C$0.24, for a total transaction of C$48,000.00. Following the transaction, the director owned 2,341,509 shares in the company, valued at C$561,962.16. This trade represents a 7.87% decrease in their position. In the last 90 days, insiders sold 294,500 shares of company stock worth $70,680. 31.70% of the stock is owned by company insiders.

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.