Inventus Mining (CVE:IVS) Trading Up 30.4% - Here's Why

Key Points

• Inventus Mining Corp. saw its stock price surge by 30.4% during mid-day trading, reaching C$0.37, significantly up from the previous close of C$0.28.
• Trading volume increased by 612%, with approximately 978,747 shares exchanged compared to an average daily volume of 137,393 shares.
• Insider 2176423 Ontario Ltd. purchased about 11.8 million shares at C$0.16 per share, indicating strong insider confidence as corporate insiders hold 31.70% of the company's stock.

Inventus Mining Corp. (CVE:IVS - Get Free Report) rose 30.4% during trading on Tuesday . The company traded as high as C$0.37 and last traded at C$0.37. Approximately 978,747 shares traded hands during 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 firm has a market capitalization of C$65.57 million, a PE ratio of -32.00 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 business's fifty day moving average price is C$0.25 and its 200 day moving average price is C$0.16.

Insider Activity

In related news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 8th. The shares were acquired at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. Corporate 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.