Inventus Mining (CVE:IVS) Hits New 52-Week High - Here's What Happened

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 - ) reached a new 52-week high during trading on Monday . The company traded as high as C$0.30 and last traded at C$0.30, with a volume of 366949 shares. The stock had previously closed at C$0.28.

Inventus Mining Trading Up 30.4%

The stock's fifty day moving average price is C$0.23 and its 200 day moving average price is C$0.15. 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$74.79 million, a P/E ratio of -36.50 and a beta of 0.34.

Insider Transactions at Inventus Mining

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

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