Inventus Mining (CVE:IVS) Shares Down 6.4% – Here’s Why

Inventus Mining Corp. (CVE:IVS – Get Free Report) shares dropped 6.4% during mid-day trading on Thursday. The company traded as low as C$0.22 and last traded at C$0.22. Approximately 131,123 shares changed hands during mid-day trading, an increase of 18% from the average session volume of 111,491 shares. The stock had previously closed at C$0.23.

Inventus Mining Price Performance

The stock has a market cap of C$44.21 million, a price-to-earnings ratio of -28.50 and a beta of 0.97. The company’s 50 day moving average is C$0.27 and its 200 day moving average is C$0.27. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07.

Inventus Mining Company Profile

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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.

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