Inventus Mining (CVE:IVS) Trading 5.6% Higher – Here’s Why

Inventus Mining Corp. (CVE:IVS) was up 5.6% on Monday . The stock traded as high as C$0.28 and last traded at C$0.28. 198,049 shares were traded during mid-day trading, an increase of 66% from the average daily volume of 119,418 shares. The stock had previously closed at C$0.27.

Inventus Mining Stock Up 5.6%

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 stock has a market capitalization of C$62.98 million, a P/E ratio of -28.50 and a beta of 0.94. The firm has a 50 day moving average of C$0.26 and a 200-day moving average of C$0.26.

Insider Activity

In other news, Director Glen Alexander Milne bought 201,000 shares of the business’s stock in a transaction that occurred on Friday, July 17th. The stock was acquired at an average cost of C$0.27 per share, for a total transaction of C$54,270.00. Following the completion of the purchase, the director owned 6,493,000 shares of the company’s stock, valued at C$1,753,110. This trade represents a 3.19% increase in their position. Insiders purchased 359,500 shares of company stock worth $95,280 in the last quarter. 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.