Free Trial

Inventus Mining (CVE:IVS) Stock Price Up 30.4% - Time to Buy?

Inventus Mining logo with Basic Materials background

Key Points

  • Inventus Mining Corp. shares surged 30.4% on Tuesday, reaching a trading price of C$0.37 compared to the previous close of C$0.28, with trading volume increasing by 612%.
  • The company has a market capitalization of C$74.79 million and is heavily involved in the acquisition and exploration of gold and base metals in Canada.
  • Insider 2176423 Ontario Ltd. bought nearly 12 million shares at an average cost of C$0.16 per share, increasing insider ownership to 31.70% of the company's stock.
  • MarketBeat previews top five stocks to own in October.

Inventus Mining Corp. (CVE:IVS - Get Free Report)'s stock price traded up 30.4% during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. 978,747 shares traded hands during mid-day trading, an increase of 612% from the average session volume of 137,393 shares. The stock had previously closed at C$0.28.

Inventus Mining Stock Performance

The stock has a fifty day moving average of C$0.24 and a 200-day 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. The stock has a market capitalization of C$69.67 million, a PE ratio of -34.00 and a beta of 0.34.

Insiders Place Their Bets

In other Inventus Mining news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was bought 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 currently owned by corporate insiders.

Inventus Mining Company Profile

(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.

See Also

Should You Invest $1,000 in Inventus Mining Right Now?

Before you consider Inventus Mining, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Inventus Mining wasn't on the list.

While Inventus Mining currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

 The Best Nuclear Energy Stocks to Buy Cover

Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.

Get This Free Report
Like this article? Share it with a colleague.