Inventus Mining (CVE:IVS) Stock Price Down 21.1% – Here’s Why

Inventus Mining Corp. (CVE:IVS) dropped 21.1% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed 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 Trading Down 21.1 %

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

Insider Transactions at Inventus Mining

In other news, Director Glen Alexander Milne purchased 500,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were purchased at an average price of C$0.06 per share, for a total transaction of C$27,500.00. In the last quarter, insiders purchased 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is currently 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.