Inventus Mining (CVE:IVS) Shares Down 9.6% – Here’s Why

Inventus Mining Corp. (CVE:IVS)’s stock price was down 9.6% during mid-day trading on Tuesday . The stock traded as low as C$0.33 and last traded at C$0.33. Approximately 474,972 shares were traded during mid-day trading, an increase of 245% from the average daily volume of 137,849 shares. The stock had previously closed at C$0.37.

Inventus Mining Stock Performance

The stock has a market capitalization of C$67.62 million, a PE ratio of -33.00 and a beta of 0.34. The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50. The firm has a 50 day moving average price of C$0.23 and a 200-day moving average price of C$0.16.

Insiders Place Their Bets

In related news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of Inventus Mining stock in a transaction that occurred on Tuesday, July 8th. The stock was bought at an average cost of C$0.16 per share, for a total transaction of C$1,894,720.00. Corporate insiders own 31.70% of the company’s stock.

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.