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Inventus Mining (CVE:IVS) Stock Price Down 9.6% - What's Next?

Inventus Mining logo with Basic Materials background

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.
  • Five stocks to consider instead of Inventus Mining.

Inventus Mining Corp. (CVE:IVS - Get Free Report) traded down 9.6% during mid-day trading on Tuesday . The company traded as low as C$0.33 and last traded at C$0.33. 474,972 shares changed 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 company has a market capitalization of C$65.57 million, a P/E ratio of -32.00 and a beta of 0.34. The stock has a fifty day simple moving average of C$0.25 and a 200-day simple moving average of C$0.16. The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50.

Insider Activity

In other Inventus Mining news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the business's 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. 31.70% of the stock is owned by corporate insiders.

About Inventus Mining

(Get Free Report)

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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