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

Shares of Inventus Mining Corp. (CVE:IVS) dropped 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 traded hands during mid-day 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 Price Performance

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 business’s 50-day moving average is C$0.06 and its two-hundred day moving average is 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 Buying and Selling at Inventus Mining

In other Inventus Mining news, Director Glen Alexander Milne acquired 577,000 shares of the business’s stock in a transaction 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. In the last 90 days, insiders bought 1,952,000 shares of company stock worth $99,235. 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.