Inventus Mining (CVE:IVS) Stock Price Down 14.9% - Time to Sell?

Key Points

• Inventus Mining Corp. (CVE:IVS) experienced a significant drop in stock price, down 14.9% to C$0.29 during trading on Wednesday, with a trading volume increase of 248% compared to average daily volume.
• The company has a market capitalization of C$58.40 million and a PE ratio of -28.50, indicating potential financial concerns.
• On July 8th, insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16, representing significant insider confidence as they own 31.70% of the company.

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

Inventus Mining Trading Down 14.9%

The firm has a market capitalization of C$58.40 million, a PE ratio of -28.50 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 fifty day moving average price is C$0.26 and its 200 day moving average price is C$0.17.

Insider Transactions at Inventus Mining

In other Inventus Mining news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The stock was bought at an average cost of C$0.16 per share, for a total transaction 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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