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

Key Points

• Inventus Mining Corp. shares fell by 14.9%, trading as low as C$0.29, with significant trading volume increasing by 248% from its average.
• The company has a debt-to-equity ratio of 41.50 and a market cap of C$58.40 million, indicating potential financial stability concerns.
• Insider 2176423 Ontario Ltd. purchased a substantial stake of 11,842,000 shares at an average cost of C$0.16, signifying a strong belief in the company's potential.

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

Inventus Mining Price Performance

The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The business has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.17. The firm has a market cap of C$58.40 million, a price-to-earnings ratio of -28.50 and a beta of 0.34.

Insider Buying and Selling

In related news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the stock in a transaction that occurred on 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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