Inventus Mining (CVE:IVS) Trading 30.4% Higher - Should You Buy?

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 - Get Free Report)'s share price rose 30.4% during mid-day trading on Monday . The company 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 firm has a market cap of C$65.57 million, a price-to-earnings ratio of -32.00 and a beta of 0.34. 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 business's 50-day moving average is C$0.25 and its 200-day moving average is C$0.16.

Insider Activity

In other 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 acquired 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 company 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.