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

Shares of Inventus Mining Corp. (CVE:IVS) 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 were traded during mid-day 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 Down 21.1 %

The company has a debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The firm has a market capitalization 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 price of C$0.06 and a two-hundred day moving average price of C$0.05.

Insiders Place Their Bets

In related news, Director Glen Alexander Milne purchased 577,000 shares of the business’s 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. In the last ninety days, insiders acquired 1,952,000 shares of company stock valued at $99,235. 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.