Inventus Mining (CVE:IVS) Stock Price Up 30.4% - What's Next?

Key Points

• Shares of Inventus Mining Corp. surged by 30.4%, reaching a trading price of C$0.37, with trading volume increasing by 612% compared to the average session.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16, totaling approximately C$1.89 million, indicating strong insider confidence.
• Inventus Mining focuses on the acquisition and exploration of mineral properties, primarily gold and base metals, and holds 100% interests in the Pardo Paleoplacer gold project and the Sudbury 2.0 project in Ontario.

Inventus Mining Corp. (CVE:IVS - Get Free Report) traded 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 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 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 50 day moving average price of C$0.25 and a two-hundred day moving average price of C$0.16.

Insider Buying and Selling at Inventus Mining

In other news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of Inventus Mining stock in a transaction dated Tuesday, July 8th. The shares were 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 corporate 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.