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

Key Points

• Shares of Inventus Mining Corp. (CVE:IVS) surged 30.4% during trading, reaching a high of C$0.37 and significantly increasing trading volume to approximately 978,747 shares.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at C$0.16 per share, marking a total investment of nearly C$1.9 million.
• The company focuses on the exploration and development of gold and base metals in Canada, holding key projects including the Pardo Paleoplacer gold project and the Sudbury 2.0 project.

Shares of Inventus Mining Corp. (CVE:IVS - ) rose 30.4% during 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 mid-day 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 Up 30.4%

The firm'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 current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The company has a market capitalization of C$74.79 million, a price-to-earnings ratio of -36.50 and a beta of 0.34.

Insider Buying and Selling

In other Inventus Mining news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the business's stock in a transaction 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.