Inventus Mining (CVE:IVS) Stock Price Down 10.4% - Here's Why

Key Points

• Inventus Mining Corp. (CVE:IVS) saw a significant decline in stock price, trading down 10.4% to C$0.30 during mid-day trading.
• Approximately 113,652 shares were traded, representing a 20% decrease in trading volume compared to its average daily volume.
• Insider 2176423 Ontario Ltd. made a notable purchase of 11,842,000 shares at an average price of C$0.16, increasing insider ownership to 31.70%.

Inventus Mining Corp. (CVE:IVS - )'s stock price traded down 10.4% during mid-day trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.30. Approximately 113,652 shares changed hands during trading, a decline of 20% from the average daily volume of 142,656 shares. The stock had previously closed at C$0.34.

Inventus Mining Trading Down 10.4%

The firm has a market cap of C$61.47 million, a P/E ratio of -30.00 and a beta of 0.34. The stock has a fifty day simple moving average of C$0.26 and a 200 day simple moving average of C$0.17. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insider Activity at Inventus Mining

In other Inventus Mining news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of Inventus Mining stock in a transaction on Tuesday, July 8th. The stock was acquired at an average price of C$0.16 per share, with a total value of C$1,894,720.00. 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.

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