Inventus Mining (CVE:IVS) Shares Decline by 21.1% – Here’s What’s Happening

On Friday, Inventus Mining Corp. (CVE:IVS) saw a notable drop in its stock price, trading down by 21.1% during mid-day sessions. The stock hit a low of C$0.08 and closed the day at the same price. Throughout the trading period, a total of 118,000 shares changed hands, reflecting a 26% increase in volume compared to the average daily trading volume of 93,681 shares. This decline follows a previous closing price of C$0.10.

Inventus Mining Price Performance

Currently, Inventus Mining's fifty-day moving average stands at C$0.06, and its 200-day moving average is at C$0.05. The company's debt-to-equity ratio is marked at 41.50, while it has a quick ratio of 0.07 and a current ratio of 1.44. Inventus Mining boasts a market capitalization of C$12.60 million, presents a P/E ratio of -7.00, and retains a beta value of 0.83, indicating the stock's volatility compared to the overall market.

Insider Transactions at Inventus Mining

In recent insider activity, Glen Alexander Milne, a director at Inventus Mining, acquired 577,000 shares on November 19 at an average price of C$0.06 each, totaling a financial commitment of C$31,735.00. Over the past quarter, a total of 1,952,000 shares were purchased by insiders, amounting to a value of approximately $99,235. Currently, corporate insiders own about 31.70% of the company's shares.

Inventus Mining Company Overview

Inventus Mining Corp. focuses on the acquisition, exploration, and development of mineral properties within Canada. It primarily explores for gold and base metals, holding 100% interests in several projects, including the Pardo Paleoplacer gold project, which encompasses a 3.8 square kilometer area of mineral leases and 180 square kilometers of mineral claims. Additionally, the company's Sudbury 2.0 project spans an area of 240 square kilometers of mineral claims located in the Sudbury Mining Division, Ontario.

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