IVRNET (CVE:IVI) Shares Down 20%

IVRNET (CVE:IVI) dropped 20% during mid-day trading on Friday . The company traded as low as C$0.02 and last traded at C$0.02, approximately 10,000 shares traded hands during mid-day trading. A decline of 91% from the average daily volume of 116,710 shares. The stock had previously closed at C$0.03.

The stock’s 50 day moving average price is C$0.02 and its 200-day moving average price is C$0.02. The company has a quick ratio of 0.21, a current ratio of 0.22 and a debt-to-equity ratio of 692.59. The stock has a market capitalization of $1.40 million and a PE ratio of -1.25.


Ivrnet Inc, an application service provider, provides e-business applications on an outsource basis through the Ivrnet eServices network in North America. The company develops, hosts, sells, and supports value added business automation software solutions, which facilitate automated interaction through phone network and the Internet.

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