Inventus Mining (CVE:IVS) Shares Down 14.9% - Here's What Happened

Key Points

• Inventus Mining Corp. shares fell by 14.9% during mid-day trading on Wednesday, closing at C$0.29 after reaching a high volume of 506,012 shares traded.
• The company has a market capitalization of C$58.40 million and shows a significant debt-to-equity ratio of 41.50.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average cost of C$0.16 per share, increasing insider ownership to 31.70%.

Inventus Mining Corp. (CVE:IVS - ) shares traded down 14.9% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. 506,012 shares traded hands during mid-day trading, an increase of 248% from the average session volume of 145,492 shares. The stock had previously closed at C$0.34.

Inventus Mining Price Performance

The stock has a fifty day moving average of C$0.26 and a 200-day moving average of C$0.17. 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 stock has a market capitalization of C$58.40 million, a price-to-earnings ratio of -28.50 and a beta of 0.34.

Insider Buying and Selling at Inventus Mining

In other news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the firm's stock in a transaction dated Tuesday, July 8th. The stock was acquired at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. Insiders own 31.70% of the company's stock.

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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