Inventus Mining (CVE:IVS) Stock Price Down 14.9% - What's Next?

Key Points

• Shares of Inventus Mining Corp. (CVE:IVS) dropped 14.9% during mid-day trading, reaching a low of C$0.29 after closing at C$0.34.
• Insider 2176423 Ontario Ltd. acquired 11,842,000 shares at C$0.16 each, increasing insider ownership to 31.70%.
• The company focuses on the acquisition, exploration, and development of mineral properties in Canada, including gold and base metals projects.

Shares of Inventus Mining Corp. (CVE:IVS - ) fell 14.9% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. 506,012 shares changed hands during mid-day 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 Price Performance

The business's 50-day simple moving average is C$0.26 and its 200-day simple moving average is C$0.17. The stock has a market cap 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.

Insider Activity

In other news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were purchased at an average price 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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