Inventus Mining (CVE:IVS) Shares Up 30.4% - Still a Buy?

Key Points

• Inventus Mining Corp. saw its share price increase by 30.4% on Monday, reaching C$0.37, with trading volume surging 612% compared to the average session.
• The company has a market cap of C$74.79 million and a debt-to-equity ratio of 41.50, indicating relatively high leverage.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16, indicating confidence from corporate insiders as they hold 31.70% of the stock.

Inventus Mining Corp. (CVE:IVS - )'s share price shot up 30.4% on Monday . The stock traded as high as C$0.37 and last traded at C$0.37. 978,747 shares were traded 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 Price Performance

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 stock has a market cap of C$74.79 million, a price-to-earnings ratio of -36.50 and a beta of 0.34. The company's fifty day moving average is C$0.23 and its two-hundred day moving average is C$0.16.

Insider Buying and Selling

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 price 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

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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