Inventus Mining (CVE:IVS) Trading 7.4% Higher – Should You Buy?

Inventus Mining Corp. (CVE:IVS) shot up 7.4% on Friday . The company traded as high as C$0.29 and last traded at C$0.29. 43,505 shares changed hands during trading, a decline of 63% from the average session volume of 116,933 shares. The stock had previously closed at C$0.27.

Inventus Mining Stock Up 7.4%

The stock has a 50-day moving average of C$0.27 and a two-hundred day moving average of C$0.26. The company has a market cap of C$64.09 million, a P/E ratio of -28.50 and a beta of 0.83. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insider Buying and Selling

In other Inventus Mining news, Director Glen Alexander Milne purchased 201,000 shares of the firm’s stock in a transaction on Friday, July 17th. The shares were purchased at an average cost of C$0.27 per share, with a total value of C$54,270.00. Following the completion of the purchase, the director owned 6,493,000 shares of the company’s stock, valued at C$1,753,110. The trade was a 3.19% increase in their position. Insiders have purchased 362,500 shares of company stock worth $96,180 in the last quarter. 31.70% of the stock is owned by company 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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.