Inventus Mining (CVE:IVS) Trading Up 30.4% - Still a Buy?

Key Points

• Inventus Mining Corp. (CVE:IVS) experienced a significant stock price increase of 30.4% on Tuesday, reaching C$0.37, outpacing the average trading volume with nearly 978,747 shares traded.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16 before this spike, indicating strong confidence from insiders owning 31.70% of the company.
• Inventus Mining focuses on the exploration and development of mineral properties in Canada, including key projects like the Pardo Paleoplacer gold project and the Sudbury 2.0 project.

Inventus Mining Corp. (CVE:IVS - Get Free Report) was up 30.4% on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 978,747 shares traded hands 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 stock has a 50 day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.16. The firm has a market cap of C$65.57 million, a PE 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.

Insider Buying and Selling at Inventus Mining

In related news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of Inventus Mining stock in a transaction 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. 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.