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

Inventus Mining Corp. (CVE:IVS)’s stock price dropped 21.1% during trading on Friday . 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 Price Performance

The stock has a 50-day simple moving average of C$0.06 and a 200 day simple moving average of C$0.05. 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 quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50.

Insider Activity at Inventus Mining

In other news, Director Glen Alexander Milne acquired 500,000 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was acquired at an average cost of C$0.06 per share, with a total value of C$27,500.00. In the last ninety days, insiders have purchased 1,952,000 shares of company stock worth $99,235. Company 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.