Inventus Mining (CVE:IVS) Trading Down 21.1% – Time to Sell?

Inventus Mining Corp. (CVE:IVS)’s stock price dropped 21.1% on Friday . The company 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 Down 21.1 %

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 capitalization of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83. The firm’s 50 day moving average price is C$0.06 and its two-hundred day moving average price is C$0.05.

Insider Buying and Selling

In related news, Director Glen Alexander Milne bought 577,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were acquired at an average price of C$0.06 per share, with a total value of C$31,735.00. Over the last 90 days, insiders acquired 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is owned by insiders.

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.