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

Inventus Mining Corp. (CVE:IVS) fell 21.1% during trading on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. 118,000 shares traded hands during mid-day trading, an increase of 26% from the average session volume of 93,681 shares. The stock had previously closed at C$0.10.

Inventus Mining Trading Down 21.1 %

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’s 50 day moving average is C$0.06 and its two-hundred day moving average is C$0.05. The stock has a market cap of C$12.60 million, a price-to-earnings ratio of -7.00 and a beta of 0.83.

Insider Transactions at Inventus Mining

In other news, Director Glen Alexander Milne acquired 577,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. In the last ninety days, insiders have purchased 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is currently owned by company 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.