Inventus Mining (CVE:IVS) Trading Down 14.9% - Time to Sell?

Key Points

• Inventus Mining Corp. shares declined by 14.9% during mid-day trading, reaching a low of C$0.29, and trading volume increased significantly to 506,012 shares.
• The company has a market capitalization of C$58.40 million, a high debt-to-equity ratio of 41.50, and a negative price-to-earnings ratio of -28.50.
• Insider activity shows that 2176423 Ontario Ltd. purchased 11,842,000 shares at an average cost of C$0.16 each, representing 31.70% ownership of the company.

Shares of Inventus Mining Corp. (CVE:IVS - ) traded down 14.9% on Wednesday . 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 Stock Performance

The stock's 50 day moving average price is C$0.26 and its 200 day moving average price is C$0.17. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The company has a market cap of C$58.40 million, a price-to-earnings ratio of -28.50 and a beta of 0.34.

Insider Activity at Inventus Mining

In related news, insider 2176423 Ontario Ltd. acquired 11,842,000 shares of the company'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. 31.70% of the stock is currently owned by corporate insiders.

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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