Inventus Mining (CVE:IVS) Trading 30.4% Higher - Here's What Happened

Key Points

• Inventus Mining Corp. experienced a significant stock surge of 30.4%, reaching a trading high of C$0.37 during mid-day trading on Monday.
• The company recorded a considerable increase in trading volume, with 978,747 shares changing hands, representing a 612% increase from the average session volume.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16 per share, indicating strong insider confidence with 31.70% of the stock owned by corporate insiders.

Inventus Mining Corp. (CVE:IVS - ) shot up 30.4% during mid-day trading on Monday . The company traded as high as C$0.37 and last traded at C$0.37. 978,747 shares were traded during 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 stock has a market cap of C$74.79 million, a price-to-earnings ratio of -36.50 and a beta of 0.34. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The stock's 50-day moving average is C$0.23 and its 200-day moving average is C$0.16.

Insider Activity at Inventus Mining

In other Inventus Mining news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the company'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, for a total transaction of C$1,894,720.00. 31.70% of the stock is currently owned by corporate insiders.

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.

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