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

Key Points

• Inventus Mining Corp. shares surged by 30.4% to C$0.37, with trading volume up by 612% compared to average sessions.
• The company currently has a market cap of C$74.79 million and a debt-to-equity ratio of 41.50.
• Insider 2176423 Ontario Ltd. bought 11,842,000 shares at C$0.16 each, representing a notable investment in the company.

Shares of Inventus Mining Corp. (CVE:IVS - Get Free Report) rose 30.4% during trading on Monday . 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 stock has a market cap of C$65.57 million, a price-to-earnings ratio of -32.00 and a beta of 0.34. 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 business's 50 day simple moving average is C$0.25 and its 200 day simple moving average is C$0.16.

Insider Activity

In related news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was bought at an average price of C$0.16 per share, for a total transaction 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.