Inventus Mining (CVE:IVS) Trading 10% Higher on Insider Buying Activity

Inventus Mining Corp. (CVE:IVS)’s stock price shot up 10% on Wednesday after an insider bought additional shares in the company. The company traded as high as C$0.06 and last traded at C$0.06. 231,000 shares were traded during mid-day trading, an increase of 156% from the average session volume of 90,284 shares. The stock had previously closed at C$0.05.

Specifically, Director Glen Alexander Milne purchased 577,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average cost of C$0.06 per share, for a total transaction of C$31,735.00.

Inventus Mining Trading Up 8.3 %

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 cap of C$10.92 million, a PE ratio of -7.00 and a beta of 0.83. The firm’s 50 day moving average is C$0.05 and its 200 day moving average is C$0.04.

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.