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Inventus Mining (CVE:IVS) Trading 30.4% Higher - Time to Buy?

Inventus Mining logo with Basic Materials background

Key Points

  • Inventus Mining Corp. saw its stock rise by 30.4% to C$0.37 on Tuesday, with trading volume increasing by 612% compared to its average daily volume.
  • The company announced that corporate insider 2176423 Ontario Ltd. purchased approximately 11.84 million shares at an average price of C$0.16, amounting to a total investment of nearly C$1.9 million.
  • Inventus Mining focuses on the acquisition, exploration, and development of mineral properties in Canada, particularly for gold and base metals, and holds key projects in Ontario.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Inventus Mining Corp. (CVE:IVS - Get Free Report) rose 30.4% on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.37. Approximately 978,747 shares changed hands during mid-day trading, an increase of 612% from the average daily volume of 137,393 shares. The stock had previously closed at C$0.28.

Inventus Mining Stock Performance

The company has a 50 day moving average of C$0.25 and a two-hundred day moving average of C$0.16. 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 company has a market capitalization of C$65.57 million, a PE ratio of -32.00 and a beta of 0.34.

Insider Buying and Selling at Inventus Mining

In other Inventus Mining news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average cost of C$0.16 per share, for a total transaction of C$1,894,720.00. 31.70% of the stock is owned by corporate insiders.

Inventus Mining Company Profile

(Get Free Report)

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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