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

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 were traded 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 Stock Performance

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 company 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 fifty day simple moving average is C$0.06 and its 200-day simple moving average is C$0.05.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne purchased 577,000 shares of Inventus Mining stock in a transaction on Tuesday, November 19th. The shares were bought at an average price of C$0.06 per share, with a total value of C$31,735.00. Over the last 90 days, insiders have purchased 1,952,000 shares of company stock valued at $99,235. 31.70% of the stock is currently 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.