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 Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares were traded 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 Down 21.1 %

The business’s 50 day moving average is C$0.06 and its 200 day moving average is C$0.05. The company has a quick ratio of 0.07, a current ratio of 1.44 and a debt-to-equity ratio of 41.50. The company has a market cap of C$12.60 million, a P/E ratio of -7.00 and a beta of 0.83.

Insider Buying and Selling

In other news, Director Glen Alexander Milne bought 500,000 shares of the stock in a transaction on Tuesday, November 12th. The stock was bought at an average cost of C$0.06 per share, for a total transaction of C$27,500.00. Insiders purchased 1,952,000 shares of company stock worth $99,235 in the last three months. 31.70% of the stock is owned by insiders.

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.