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 - ) shares fell 11.8% during mid-day trading on Thursday . The company traded as low as C$0.29 and last traded at C$0.30. 309,480 shares traded hands during mid-day 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 company 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 debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The company's 50 day simple moving average is C$0.24 and its 200 day simple moving average is C$0.16.

Insider Activity at Inventus Mining

In other news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was purchased at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. Company insiders own 31.70% of the company's stock.

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.

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