Inventus Mining (CVE:IVS) Trading Down 14.9% - Here's What Happened

Key Points

• Inventus Mining's stock dropped 14.9% to C$0.29, with trading volume increasing by 248% compared to the average session.
• The company has a debt-to-equity ratio of 41.50 and a current ratio of 1.44, indicating potential financial pressure.
• Insider 2176423 Ontario Ltd. purchased over 11.8 million shares at an average cost of C$0.16, boosting insider ownership to 31.70%.

Inventus Mining Corp. (CVE:IVS - ) shares fell 14.9% during mid-day trading on Thursday . The stock traded as low as C$0.29 and last traded at C$0.29. 506,012 shares were traded during mid-day trading, an increase of 248% from the average session volume of 145,492 shares. The stock had previously closed at C$0.34.

Inventus Mining Price Performance

The company has a market cap of C$58.40 million, a PE ratio of -28.50 and a beta of 0.34. The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50. The firm has a 50 day simple moving average of C$0.26 and a 200-day simple moving average of C$0.17.

Insider Buying and Selling at Inventus Mining

In other Inventus Mining 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 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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