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

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 - Get Free Report) shot up 30.4% on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.37. 978,747 shares traded hands 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 company has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of 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 P/E ratio of -32.00 and a beta of 0.34.

Insiders Place Their Bets

In other Inventus Mining news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of Inventus Mining stock in a transaction on Tuesday, July 8th. The shares were purchased at an average cost of C$0.16 per share, for a total transaction of C$1,894,720.00. Corporate insiders own 31.70% of the company's stock.

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.