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

Inventus Mining Corp. (CVE:IVS)’s stock price traded down 21.1% during mid-day trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares changed hands during mid-day trading, an increase of 26% from the average session volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Trading Down 21.1 %

The company has a market cap of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The business has a fifty day simple moving average of C$0.06 and a 200 day simple moving average of C$0.05. The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50.

Insider Activity

In other news, Director Glen Alexander Milne purchased 500,000 shares of the stock in a transaction that occurred on Tuesday, November 12th. The shares were acquired at an average price of C$0.06 per share, for a total transaction of C$27,500.00. Insiders purchased 1,952,000 shares of company stock worth $99,235 in the last 90 days. 31.70% of the stock is currently owned by corporate insiders.

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.