Inventus Mining (CVE:IVS) Trading Down 10.2% – Should You Sell?

Inventus Mining Corp. (CVE:IVS)’s share price traded down 10.2% during mid-day trading on Monday . The stock traded as low as C$0.27 and last traded at C$0.27. 142,705 shares traded hands during trading, an increase of 20% from the average daily volume of 118,580 shares. The stock had previously closed at C$0.29.

Inventus Mining Stock Performance

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 company has a market capitalization of C$58.56 million, a PE ratio of -26.50 and a beta of 0.94. The firm’s fifty day simple moving average is C$0.26 and its 200 day simple moving average is C$0.26.

Insider Buying and Selling at Inventus Mining

In related news, Director Glen Alexander Milne acquired 201,000 shares of the firm’s stock in a transaction dated Friday, July 17th. The stock was acquired at an average price of C$0.27 per share, with a total value of C$54,270.00. Following the acquisition, the director directly owned 6,493,000 shares in the company, valued at C$1,753,110. This represents a 3.19% increase in their position. In the last ninety days, insiders bought 359,500 shares of company stock worth $95,280. Company insiders own 31.70% of the company’s stock.

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. The company was formerly known as Ginguro Exploration Inc and changed its name to Inventus Mining Corp.