Inventus Mining (CVE:IVS) Stock Price Down 21.1% – What’s Next?

Inventus Mining Corp. (CVE:IVS) shares dropped 21.1% on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed hands 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 Stock Performance

The company has a market cap of C$12.60 million, a PE ratio of -7.00 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. The firm’s 50 day moving average is C$0.06 and its 200-day moving average is C$0.05.

Insider Activity

In other news, Director Glen Alexander Milne bought 577,000 shares of the firm’s 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. Insiders purchased 1,952,000 shares of company stock worth $99,235 over the last ninety days. 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.