Inventus Mining (CVE:IVS) Trading 11.9% Higher – Should You Buy?

Inventus Mining Corp. (CVE:IVS) shares rose 11.9% during trading on Friday . The company traded as high as C$0.34 and last traded at C$0.33. 108,114 shares were traded during trading, a decline of 9% from the average daily volume of 118,883 shares. The stock had previously closed at C$0.29.

Inventus Mining Trading Up 5.1%

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$68.51 million, a price-to-earnings ratio of -28.50 and a beta of 0.94. The business has a 50-day moving average of C$0.26 and a two-hundred day moving average of C$0.26.

Insider Activity at Inventus Mining

In other news, Director Glen Alexander Milne acquired 201,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The shares were bought at an average price of C$0.27 per share, with a total value of C$54,270.00. Following the acquisition, the director owned 6,493,000 shares of the company’s stock, valued at C$1,753,110. This trade represents a 3.19% increase in their ownership of the stock. In the last ninety days, insiders purchased 359,500 shares of company stock valued at $95,280. 31.70% of the stock is currently owned by company 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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.