Inventus Mining (CVE:IVS) Shares Up 15.4% – Time to Buy?

Inventus Mining Corp. (CVE:IVS)’s share price shot up 15.4% on Wednesday . The company traded as high as C$0.08 and last traded at C$0.08. 163,000 shares were traded during mid-day trading, an increase of 78% from the average session volume of 91,422 shares. The stock had previously closed at C$0.07.

Inventus Mining Price Performance

The stock has a fifty day simple moving average of C$0.05 and a 200-day simple moving average of C$0.04. The company has a market capitalization of C$13.44 million, a PE ratio of -7.00 and a beta of 0.83. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insider Buying and Selling

In other Inventus Mining news, Director Glen Alexander Milne acquired 577,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were bought at an average cost of C$0.06 per share, with a total value of C$31,735.00. Insiders acquired a total of 1,952,000 shares of company stock worth $99,235 over the last 90 days. 31.70% of the stock is owned by insiders.

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.