Inventus Mining (CVE:IVS) Stock Price Up 30.4% - Here's What Happened

Key Points

• Inventus Mining Corp. (CVE:IVS) saw its stock price surge by 30.4% during mid-day trading, reaching C$0.37 from a previous close of C$0.28.
• Approximately 978,747 shares were traded, marking a significant increase of 612% compared to its average daily volume.
• Insider 2176423 Ontario Ltd. bought 11,842,000 shares at an average price of C$0.16 per share, representing a total investment of C$1,894,720.

Inventus Mining Corp. (CVE:IVS - ) rose 30.4% during mid-day trading on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 978,747 shares were traded during trading, an increase of 612% from the average daily volume of 137,393 shares. The stock had previously closed at C$0.28.

Inventus Mining Price Performance

The company's 50 day moving average price is C$0.23 and its 200-day moving average price is C$0.16. The company has a market capitalization of C$74.79 million, a PE ratio of -36.50 and a beta of 0.34. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insiders Place Their Bets

In other Inventus Mining news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was purchased at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. Company 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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