Inventus Mining (CVE:IVS) Trading 30.4% Higher - What's Next?

Key Points

• Inventus Mining Corp. shares surged by 30.4%, trading at C$0.37, with a substantial increase in trading volume of 612% from its average daily volume.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average cost of C$0.16 per share, indicating strong insider confidence as they now own 31.70% of the company.
• Inventus Mining focuses on the acquisition, exploration, and development of mineral properties in Canada, primarily exploring for gold and base metals.

Shares of Inventus Mining Corp. (CVE:IVS - ) were up 30.4% on Monday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 978,747 shares changed hands 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 Performance

The company has a market cap of C$74.79 million, a P/E ratio of -36.50 and a beta of 0.34. The company has a 50 day moving average price of C$0.23 and a 200-day moving average price 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.

Insider Buying and Selling

In other 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 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.

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.