Inventus Mining (CVE:IVS) Trading Down 21.1% – Should You Sell?

Inventus Mining Corp. (CVE:IVS) shares dropped 21.1% during mid-day trading on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed hands 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 company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The firm has a market capitalization of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The firm’s 50-day moving average is C$0.06 and its 200 day moving average is C$0.05.

Insider Buying and Selling

In other Inventus Mining news, Director Glen Alexander Milne bought 577,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were purchased 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 valued at $99,235 over the last ninety days. 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.