Inventus Mining (CVE:IVS) Shares Plunge 21.1% – Here’s What Happened

On Friday, Inventus Mining Corp. (CVE:IVS) experienced a significant decline in its stock price, trading down by 21.1%. During mid-day trading, the stock reached a low of C$0.08 and closed at the same price. A total of 118,000 shares changed hands during this trading session, representing a 26% increase from the average daily volume of 93,681 shares, while the stock had previously closed at C$0.10.

Inventus Mining Price Performance

Over recent months, the company has shown notable price movement, with a fifty-day moving average of C$0.06 and a 200-day moving average of C$0.05. Currently, Inventus holds a debt-to-equity ratio of 41.50. The firm's liquidity is indicated by a quick ratio of 0.07 and a current ratio of 1.44. Inventus Mining has a market capitalization of approximately C$12.60 million, a price-to-earnings (P/E) ratio of -7.00, and a beta of 0.83, suggesting lower volatility compared to the broader market.

Insider Transactions at Inventus Mining

In related developments, Glen Alexander Milne, a Director at Inventus, acquired 577,000 shares of the company's stock in a transaction conducted on Tuesday, November 19th. The average purchase price per share was C$0.06, amounting to a total investment of C$31,735. Over the last quarter, insiders collectively bought 1,952,000 shares worth approximately C$99,235, with corporate insiders currently holding 31.70% of the company's stock.

Inventus Mining Company Overview

Inventus Mining Corp. is focused on the acquisition, exploration, and development of mineral properties within Canada. The firm primarily explores for gold and base metals, holding 100% ownership in the Pardo Paleoplacer gold project, which spans an area of 3.8 square kilometers, along with an extensive 240 square kilometer area dedicated to the Sudbury 2.0 project located in Ontario’s Sudbury Mining Division.

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