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

Shares of Inventus Mining Corp. (CVE:IVS) were down 21.1% during mid-day trading on Friday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares traded hands during 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 Performance

The firm 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 debt-to-equity ratio of 41.50, a current ratio of 1.44 and a quick ratio of 0.07. The company 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 purchased 577,000 shares of the stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of C$0.06 per share, for a total transaction of C$31,735.00. Insiders bought a total of 1,952,000 shares of company stock worth $99,235 over the last ninety days. 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.