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

Shares of Inventus Mining Corp. (CVE:IVS) were down 21.1% during trading on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares were traded during mid-day 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 Trading Down 21.1 %

The business’s 50-day moving average is C$0.06 and its two-hundred day moving average is C$0.05. 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 stock has a market capitalization of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83.

Insiders Place Their Bets

In other news, Director Glen Alexander Milne acquired 577,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were bought at an average price of C$0.06 per share, for a total transaction of C$31,735.00. Insiders have purchased a total of 1,952,000 shares of company stock worth $99,235 over the last quarter. 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.