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

Inventus Mining Corp. (CVE:IVS)’s stock price 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 were traded during 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 Trading Down 21.1 %

The firm has a market cap of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83. The business has a fifty day moving average of C$0.06 and a two-hundred day moving average of C$0.05. 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 at Inventus Mining

In other news, Director Glen Alexander Milne bought 577,000 shares of Inventus Mining stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. Over the last 90 days, insiders have bought 1,952,000 shares of company stock valued at $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.