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

Key Points

• Inventus Mining Corp. stock surged by 30.4% during mid-day trading, reaching C$0.37, with a significant increase in trading volume of 612% from its average.
• The company's financial metrics indicate a debt-to-equity ratio of 41.50 and a market cap of C$74.79 million, with a P/E ratio of -36.50.
• Insider 2176423 Ontario Ltd. purchased over 11.8 million shares at an average price of C$0.16, increasing their ownership stake to 31.70% of the company.

Inventus Mining Corp. (CVE:IVS - ) traded up 30.4% during mid-day trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. 978,747 shares traded hands during mid-day 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 Up 30.4%

The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The stock's fifty day simple moving average is C$0.23 and its 200-day simple moving average is C$0.16. The stock has a market cap of C$74.79 million, a P/E ratio of -36.50 and a beta of 0.34.

Insider Activity at Inventus Mining

In related news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the stock in a transaction that occurred on Tuesday, July 8th. The shares were 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.

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