Inventus Mining (CVE:IVS) Shares Up 30.4% - What's Next?

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 - Get Free Report)'s stock price rose 30.4% during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 978,747 shares traded hands 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 Stock Performance

The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44. The company has a market capitalization of C$65.57 million, a P/E ratio of -32.00 and a beta of 0.34. The business has a 50 day moving average of C$0.25 and a 200-day moving average of C$0.16.

Insider Activity

In related news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were 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.

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.