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

Inventus Mining Corp. (CVE:IVS) shares traded down 21.1% on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares changed 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 Price Performance

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

Insider Activity

In related news, Director Glen Alexander Milne acquired 577,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were acquired at an average price of C$0.06 per share, with a total value of C$31,735.00. In the last 90 days, insiders have acquired 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is owned by corporate 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.