Inventus Mining (CVE:IVS) Trading Down 21.1% – Should You Sell?

Inventus Mining Corp. (CVE:IVS)’s share price dropped 21.1% on Saturday . The stock traded as low as C$0.08 and last traded at C$0.08. Approximately 118,000 shares changed hands 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 Price Performance

The stock has a market cap of C$12.60 million, a PE ratio of -7.00 and a beta of 0.83. The business has a fifty day simple moving average of C$0.06 and a two-hundred day simple moving average of C$0.05. The company has a current ratio of 1.44, a quick ratio of 0.07 and a debt-to-equity ratio of 41.50.

Insiders Place Their Bets

In related news, Director Glen Alexander Milne purchased 577,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of C$0.06 per share, for a total transaction of C$31,735.00. Over the last 90 days, insiders bought 1,952,000 shares of company stock worth $99,235. 31.70% of the stock is owned by corporate 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.