Inventus Mining (CVE:IVS) Trading Down 13.4% - Here's Why

Key Points

• Inventus Mining Corp. experienced a significant decline in stock price, down 13.4% to C$0.29 during mid-day trading, with a notable increase in trading volume.
• The company's market capitalization is C$58.40 million, with a price-to-earnings ratio of -28.50 and a high debt-to-equity ratio of 41.50.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16, indicating continued confidence in the company's future despite recent stock performance.

Inventus Mining Corp. (CVE:IVS - )'s stock price was down 13.4% during mid-day trading on Wednesday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 505,512 shares were traded during trading, an increase of 249% from the average daily volume of 144,659 shares. The stock had previously closed at C$0.34.

Inventus Mining Stock Performance

The stock's 50-day simple moving average is C$0.26 and its 200-day simple moving average is C$0.17. The stock has a market cap of C$58.40 million, a price-to-earnings ratio of -28.50 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.

Insider Buying and Selling at Inventus Mining

In other news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the business's stock in a transaction dated Tuesday, July 8th. The stock was bought at an average price 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.

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.