Inventus Mining (CVE:IVS) Shares Up 30.4% – Should You Buy?

Inventus Mining Corp. (CVE:IVS) shares shot up 30.4% during trading on Tuesday . The stock traded as high as C$0.37 and last traded at C$0.37. 978,747 shares were traded during mid-day trading, an increase of 612% from the average session volume of 137,393 shares. The stock had previously closed at C$0.28.

Inventus Mining Trading Up 30.4%

The stock has a market capitalization of C$74.79 million, a P/E ratio of -36.50 and a beta of 0.34. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The company has a 50-day moving average price of C$0.23 and a 200 day moving average price of C$0.16.

Insider Activity at Inventus Mining

In related news, insider 2176423 Ontario Ltd. purchased 11,842,000 shares of Inventus Mining stock in a transaction dated Tuesday, July 8th. The stock was purchased at an average cost of C$0.16 per share, with a total value of C$1,894,720.00. 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.