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

Key Points

• Inventus Mining Corp. shares surged by 30.4% on Monday, reaching C$0.37, with trading volume significantly increasing to 978,747 shares from an average of 137,393 shares.
• The company has a market capitalization of C$74.79 million and holds significant interests in mineral properties, including the Pardo Paleoplacer gold project and the Sudbury 2.0 project.
• Insider purchasing activity includes a transaction by 2176423 Ontario Ltd., which acquired 11,842,000 shares at an average price of C$0.16, indicating strong confidence from corporate insiders who own 31.70% of the company's stock.

Inventus Mining Corp. (CVE:IVS - Get Free Report)'s stock price shot up 30.4% during trading on Monday . The stock traded as high as C$0.37 and last traded at C$0.37. 978,747 shares were traded during mid-day trading, an increase of 612% from the average session volume of 137,393 shares. The stock had previously closed at C$0.28.

Inventus Mining Stock Performance

The company's fifty day simple moving average is C$0.25 and its 200 day simple moving average is C$0.16. 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 stock has a market capitalization of C$65.57 million, a price-to-earnings ratio of -32.00 and a beta of 0.34.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the stock in a transaction on Tuesday, July 8th. The stock was purchased at an average price of C$0.16 per share, for a total transaction of C$1,894,720.00. 31.70% of the stock is owned by insiders.

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.