Inventus Mining (CVE:IVS) Stock Price Up 30.4% - Time to 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 - Get Free Report)'s share price shot up 30.4% on Monday . The company traded as high as C$0.37 and last traded at C$0.37. 978,747 shares traded hands during 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 firm has a market capitalization of C$65.57 million, a price-to-earnings ratio of -32.00 and a beta of 0.34. The business has a 50-day moving average price of C$0.25 and a two-hundred day moving average price of 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.

Insider Transactions at Inventus Mining

In other Inventus Mining news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the firm'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 company insiders.

Inventus Mining Company Profile

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.