Inventus Mining (CVE:IVS) Trading Down 14.9% – Here’s What Happened

Shares of Inventus Mining Corp. (CVE:IVS) were down 14.9% on Thursday . The company traded as low as C$0.29 and last traded at C$0.29. Approximately 506,012 shares traded hands during trading, an increase of 248% from the average daily volume of 145,492 shares. The stock had previously closed at C$0.34.

Inventus Mining Price Performance

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 firm has a market cap of C$58.40 million, a PE ratio of -28.50 and a beta of 0.34. The stock has a 50 day moving average price of C$0.26 and a two-hundred day moving average price of C$0.17.

Insider Activity at Inventus Mining

In other news, insider 2176423 Ontario Ltd. bought 11,842,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 8th. The stock was purchased at an average price of C$0.16 per share, with a total value of C$1,894,720.00. 31.70% of the stock is owned by company 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.