Inventus Mining (CVE:IVS) Stock Price Down 14.9% - Should You Sell?

Key Points

• Inventus Mining Corp. shares fell by 14.9% to C$0.29, with a notable trading volume increase of 248% compared to the average session.
• The company has a market capitalization of C$58.40 million and a P/E ratio of -28.50, indicating significant losses compared to earnings.
• Insider buying has been reported, with 2176423 Ontario Ltd. purchasing 11,842,000 shares at an average price of C$0.16 each, demonstrating confidence from insiders as they hold 31.70% of the stock.

Inventus Mining Corp. (CVE:IVS - ) shares traded down 14.9% on Wednesday . The stock traded as low as C$0.29 and last traded at C$0.29. 506,012 shares changed hands during trading, an increase of 248% from the average session volume of 145,492 shares. The stock had previously closed at C$0.34.

Inventus Mining Stock Down 14.9%

The company has a market cap of C$58.40 million, a P/E ratio of -28.50 and a beta of 0.34. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The company's 50-day moving average is C$0.26 and its two-hundred day moving average is C$0.17.

Insider Buying and Selling at Inventus Mining

In other news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of Inventus Mining stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average price 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.

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