Inventus Mining (CVE:IVS) Trading Down 11.8% - Should You Sell?

Key Points

• Inventus Mining Corp. shares dropped by 11.8% during mid-day trading, falling to C$0.30 after previously closing at C$0.34.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at C$0.16 each, indicating strong insider confidence as they now own 31.70% of the company's shares.
• The company focuses on the acquisition and exploration of mineral properties in Canada, notably holding interests in the Pardo Paleoplacer gold project and the Sudbury 2.0 project.

Inventus Mining Corp. (CVE:IVS - Get Free Report)'s stock price traded down 11.8% during mid-day trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.30. 309,480 shares were traded during trading, an increase of 119% from the average session volume of 141,413 shares. The stock had previously closed at C$0.34.

Inventus Mining Price Performance

The firm has a market cap of C$65.57 million, a PE ratio of -32.00 and a beta of 0.34. The firm has a fifty day simple moving average of C$0.25 and a two-hundred day simple moving average of C$0.17. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insiders Place Their Bets

In other news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the business's 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. 31.70% of the stock is owned by corporate insiders.

Inventus Mining Company Profile

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.