Inventus Mining (CVE:IVS) Sets New 1-Year High - Still a Buy?

Key Points

• Inventus Mining Corp. reached a new 52-week high of C$0.30 during trading, marking a significant increase from its previous close of C$0.28.
• The company saw a 30.4% increase in stock price, with an average trading volume of 366,949 shares.
• Insider 2176423 Ontario Ltd. purchased 11.84 million shares at an average cost of C$0.16, indicating strong insider confidence, as insiders now hold 31.70% of the company's stock.

Inventus Mining Corp. (CVE:IVS - Get Free Report)'s stock price reached a new 52-week high on Monday . The stock traded as high as C$0.30 and last traded at C$0.30, with a volume of 366949 shares traded. The stock had previously closed at C$0.28.

Inventus Mining Stock Performance

The company's 50 day moving average price is C$0.25 and its two-hundred day moving average price is C$0.16. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The stock has a market capitalization of C$65.57 million, a PE ratio of -32.00 and a beta of 0.34.

Insider Buying and Selling

In other news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of Inventus Mining stock in a transaction on Tuesday, July 8th. The shares were bought at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. 31.70% of the stock is owned by company insiders.

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.