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

Key Points

• Inventus Mining's share price dropped by 14.9%, closing at C$0.29 after trading as low as this price during the day.
• Approximately 506,012 shares changed hands, marking a 248% increase in trading volume compared to its average.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average cost of C$0.16 each, indicating confidence from company insiders despite the stock's decline.

Inventus Mining Corp. (CVE:IVS - )'s share price fell 14.9% during trading on Thursday . The stock 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 Trading Down 14.9%

The company has a 50 day moving average price of C$0.26 and a 200 day moving average price 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. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insider Activity at Inventus Mining

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