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

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

The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The company has a market cap of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83. The firm’s fifty day moving average is C$0.06 and its two-hundred day moving average is C$0.05.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne bought 577,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was purchased at an average price of C$0.06 per share, for a total transaction of C$31,735.00. Insiders acquired a total of 1,952,000 shares of company stock valued at $99,235 over the last 90 days. Company insiders own 31.70% of the company’s stock.

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.