Inventus Mining (CVE:IVS) Trading Down 14.9% - Should You Sell?

Key Points

• Inventus Mining Corp. shares experienced a significant drop of 14.9%, trading at C$0.29, with trading volume increasing by 248% from average levels.
• The company reported a market cap of C$58.4 million and has a high debt-to-equity ratio of 41.50, indicating potential financial pressures.
• Insider 2176423 Ontario Ltd. purchased 11,842,000 shares at C$0.16, reflecting ongoing confidence from company insiders, who own 31.7% of the stock.

Inventus Mining Corp. (CVE:IVS - ) shares were down 14.9% during trading on Wednesday . 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 Trading Down 14.9%

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 market cap of C$58.40 million, a price-to-earnings ratio of -28.50 and a beta of 0.34. The business has a 50 day moving average of C$0.26 and a 200 day moving average of C$0.17.

Insiders Place Their Bets

In other Inventus Mining news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of Inventus Mining stock in a transaction that occurred on Tuesday, July 8th. The shares were purchased at an average cost of C$0.16 per share, for a total transaction 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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