Inventus Mining (CVE:IVS) Stock Price Up 30.4% - Should You Buy?

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.

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

Inventus Mining Stock Performance

The business's fifty day simple moving average is C$0.25 and its 200-day simple moving average is C$0.16. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The firm has a market cap of C$65.57 million, a P/E ratio of -32.00 and a beta of 0.34.

Insider Activity at Inventus Mining

In related news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the company's stock in a transaction dated Tuesday, July 8th. The stock was purchased at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. Corporate 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.