Inventus Mining (CVE:IVS) Trading Up 4.8% – Here’s What Happened

Shares of Inventus Mining Corp. (CVE:IVS) rose 4.8% during mid-day trading on Thursday . The company traded as high as C$0.27 and last traded at C$0.26. 179,600 shares traded hands during trading, an increase of 50% from the average session volume of 119,933 shares. The stock had previously closed at C$0.25.

Inventus Mining Stock Down 1.1%

The stock has a market cap of C$58.56 million, a price-to-earnings ratio of -26.50 and a beta of 0.93. The business’s 50 day moving average is C$0.25 and its 200-day moving average is C$0.26. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.07 and a current ratio of 1.44.

Insider Activity

In other Inventus Mining news, Director Stephan Michael Seydegart Spears sold 200,000 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of C$0.24, for a total transaction of C$48,000.00. Following the completion of the transaction, the director owned 2,341,509 shares of the company’s stock, valued at C$561,962.16. This represents a 7.87% decrease in their ownership of the stock. Also, Director Glen Alexander Milne purchased 138,500 shares of the company’s stock in a transaction that occurred on Thursday, July 16th. The shares were purchased at an average price of C$0.26 per share, with a total value of C$36,010.00. Following the completion of the transaction, the director directly owned 3,160,377 shares of the company’s stock, valued at C$821,698.02. This represents a 4.58% increase in their position. In the last 90 days, insiders have sold 294,500 shares of company stock valued at $70,680. Insiders own 31.70% of the company’s stock.

Inventus Mining Company Profile

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.