Inventus Mining (CVE:IVS) Shares Down 21.1% – Here’s What Happened

Shares of Inventus Mining Corp. (CVE:IVS) were down 21.1% during trading on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed hands during trading, an increase of 26% from the average daily volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Stock Performance

The business’s 50-day moving average price is C$0.06 and its 200-day moving average price is C$0.05. 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 stock has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83.

Insider Transactions at Inventus Mining

In related news, Director Glen Alexander Milne bought 500,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was bought at an average cost of C$0.06 per share, for a total transaction of C$27,500.00. Over the last three months, insiders have acquired 1,952,000 shares of company stock valued at $99,235. Corporate 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.