Inventus Mining (CVE:IVS) Shares Down 14.9% - Time to Sell?

Key Points

• Inventus Mining Corp. (CVE:IVS) experienced a significant drop in share price, falling 14.9% to C$0.29 during trading on Thursday.
• The company's market capitalization stands at C$58.40 million with a P/E ratio of -28.50 and a debt-to-equity ratio of 41.50.
• Insider buying activity was noted, with 2176423 Ontario Ltd. acquiring 11,842,000 shares at an average cost of C$0.16 per share on July 8th.

Inventus Mining Corp. (CVE:IVS - ) was down 14.9% on Thursday . The stock traded as low as C$0.29 and last traded at C$0.29. Approximately 506,012 shares traded hands 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 Trading Down 14.9%

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 company's 50 day moving average is C$0.26 and its two-hundred day moving average is C$0.17. The firm has a market cap of C$58.40 million, a P/E ratio of -28.50 and a beta of 0.34.

Insider Buying and Selling at Inventus Mining

In related news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of Inventus Mining stock in a transaction that occurred on Tuesday, July 8th. The stock was acquired at an average price of C$0.16 per share, for a total transaction of C$1,894,720.00. Insiders own 31.70% of the company's stock.

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.

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