Inventus Mining (CVE:IVS) Trading Down 21.1% – Should You Sell?

Shares of Inventus Mining Corp. (CVE:IVS) traded down 21.1% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. 118,000 shares were traded during 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 current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50. The stock has a 50-day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The firm has a market capitalization of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83.

Insider Buying and Selling at Inventus Mining

In related news, Director Glen Alexander Milne purchased 500,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average cost of C$0.06 per share, for a total transaction of C$27,500.00. Insiders bought a total of 1,952,000 shares of company stock valued at $99,235 in the last ninety days. Corporate 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.