Inventus Mining (CVE:IVS) Shares Down 9.6% - Here's Why

Key Points

• Inventus Mining Corp. saw its shares decrease by 9.6%, closing at C$0.33 after a significant trading volume increase of 245% compared to its average session.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16, indicating a strong insider investment as they now own 31.70% of the company's stock.
• The company, focused on the exploration of gold and base metals in Canada, holds 100% interests in multiple projects, including the Pardo Paleoplacer gold project.

Shares of Inventus Mining Corp. (CVE:IVS - ) fell 9.6% on Tuesday . The company traded as low as C$0.33 and last traded at C$0.33. 474,972 shares traded hands during trading, an increase of 245% from the average session volume of 137,849 shares. The stock had previously closed at C$0.37.

Inventus Mining Stock Performance

The business has a 50-day moving average of C$0.23 and a two-hundred day moving average of C$0.16. The company has a market cap of C$67.62 million, a P/E ratio of -33.00 and a beta of 0.34. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The shares were bought 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 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.

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