Inventus Mining (CVE:IVS) Stock Price Down 21.1% – Time to Sell?

Inventus Mining Corp. (CVE:IVS)’s share price fell 21.1% during trading on Saturday . The company traded as low as C$0.08 and last traded at C$0.08. 118,000 shares were traded during mid-day 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 Stock Performance

The firm has a market cap 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 current ratio of 1.44 and a quick ratio of 0.07. The firm has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05.

Insider Buying and Selling

In related news, Director Glen Alexander Milne acquired 577,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were purchased at an average cost of C$0.06 per share, with a total value of C$31,735.00. Insiders purchased 1,952,000 shares of company stock worth $99,235 in the last three months. 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.