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

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.

Shares of Inventus Mining Corp. (CVE:IVS - Get Free Report) rose 30.4% during mid-day trading 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 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 stock has a market capitalization of C$65.57 million, a PE ratio of -32.00 and a beta of 0.34. 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 stock has a 50 day moving average price of C$0.25 and a 200-day moving average price of C$0.16.

Insider Activity

In other news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the company's stock in a transaction dated 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. 31.70% of the stock is currently owned by company 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.