Inventus Mining (CVE:IVS) Stock Price Down 14.1% - What's Next?

Key Points

• Inventus Mining's shares have decreased by 14.1%, dropping to a trading price of C$0.28, after closing at C$0.32, with trading volume significantly higher than its average.
• The company's market capitalization stands at C$59.42 million, with a PE ratio of -29.00 and a notable debt-to-equity ratio of 41.50.
• Insider activity showed that 2176423 Ontario Ltd. purchased 11,842,000 shares at C$0.16 each, indicating confidence in the company's prospects.

Inventus Mining Corp. (CVE:IVS - Get Free Report)'s share price dropped 14.1% on Wednesday . The stock traded as low as C$0.28 and last traded at C$0.28. Approximately 385,897 shares changed hands during mid-day trading, an increase of 173% from the average daily volume of 141,431 shares. The stock had previously closed at C$0.32.

Inventus Mining Stock Down 6.0%

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 cap of C$64.54 million, a price-to-earnings ratio of -31.50 and a beta of 0.34. The firm's 50 day simple moving average is C$0.26 and its two-hundred day simple moving average is C$0.17.

Insiders Place Their Bets

In other Inventus Mining news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of Inventus Mining stock in a transaction on Tuesday, July 8th. The shares were purchased 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 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.