Inventus Mining (CVE:IVS) Stock Price Down 11.9% - Here's What Happened

Key Points

• Inventus Mining Corp. experienced a significant stock decline of 11.9%, trading at C$0.30 after previously closing at C$0.34, with a notable increase in trading volume.
• The company has a market capitalization of C$60.45 million and a P/E ratio of -29.50, indicating current financial challenges.
• Insider 2176423 Ontario Ltd. bought 11,842,000 shares at an average price of C$0.16, demonstrating confidence from corporate insiders, who own 31.70% of shares.

Inventus Mining Corp. (CVE:IVS - )'s share price traded down 11.9% during mid-day trading on Wednesday . The company traded as low as C$0.30 and last traded at C$0.30. 325,477 shares traded hands during mid-day trading, an increase of 125% from the average session volume of 144,381 shares. The stock had previously closed at C$0.34.

Inventus Mining Price Performance

The stock has a fifty day moving average of C$0.26 and a 200-day moving average of C$0.17. 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 firm has a market capitalization of C$60.45 million, a P/E ratio of -29.50 and a beta of 0.34.

Insider Activity

In other Inventus Mining news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the business'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 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.

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