Inventus Mining (CVE:IVS) Trading Down 11.8% – Should You Sell?

Posted by ABMN Staff on Dec 8th, 2024

Inventus Mining Corp. (CVE:IVS – Get Free Report) traded down 11.8% on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 208,000 shares were traded during mid-day trading, an increase of 122% from the average session volume of 93,707 shares. The stock had previously closed at C$0.09.

Inventus Mining Stock Performance

The stock has a market cap of C$13.44 million, a P/E ratio of -7.00 and a beta of 0.83. The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50. The business has a 50 day moving average price of C$0.05 and a two-hundred day moving average price of C$0.05.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne acquired 577,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were acquired at an average cost 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.

Inventus Mining Company Profile

(Get Free Report)

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.