Inventus Mining (CVE:IVS) Trading Down 15% – Here’s Why

Inventus Mining Corp. (CVE:IVS)’s stock price dropped 15% during mid-day trading on Friday . The company traded as low as C$0.08 and last traded at C$0.09. Approximately 198,500 shares were traded during mid-day trading, an increase of 222% from the average daily volume of 61,604 shares. The stock had previously closed at C$0.10.

Inventus Mining Trading Down 15.0 %

The firm has a market cap of C$14.28 million, a PE ratio of -7.00 and a beta of 0.83. The company has a 50-day simple moving average of C$0.10 and a 200 day simple moving average of C$0.08. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

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.