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

Key Points

• Inventus Mining Corp. shares fell by 14.9%, trading at C$0.29 after reaching a previous close of C$0.34, with trading volume increasing significantly to approximately 506,012 shares.
• The company's market cap stands at C$58.40 million, with a debt-to-equity ratio of 41.50, and a PE ratio of -28.50.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at an average price of C$0.16, indicating confidence as insiders hold 31.70% of the stock.

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

Inventus Mining Stock Down 14.9%

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 firm has a market cap of C$58.40 million, a PE ratio of -28.50 and a beta of 0.34. The business has a fifty day moving average price of C$0.26 and a two-hundred day moving average price of C$0.17.

Insider Buying and Selling

In other news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the stock in a transaction on Tuesday, July 8th. The shares were purchased 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 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.

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